// IP Marketing video - START// IP Marketing video - END

Armenia smartphone production down by 68%

Armenia smartphone production down by 68%

PanARMENIAN.Net - The production of smartphones has declined by 68,4% in the first nine months of 2017 against the same period last year, the National Statistical Service reports.

1045 handsets were devised last year, while only 330 smartphones were produced in January-September 2017.

Manufacture of tablets has also dropped in the country - about 96%, namely - down from last year's 1585 to 55 this year.

Also, fewer computers were built in the reporting period. 457 units instead of the 714 devices, produced in January-September last year.

 Top stories
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Fitch Ratings affirmed the sovereign's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'.
Armenia's economy is expected to expand by 5.8% in 2017 and grow further by 3.8% and 3.6% in the following two years, the UN said.
Partner news