The Egyptian Company for Silicon Industries (Sico Egypt) managed to sell 50,000 units of its new Nile X phone.
According to the CEO of the company, Mohamed Salem, the company is targeting sales of 1.3m units before the end of the year.
Salem sees the volume of sales achieved by Nile X as good considering the timeframe, as the phone was officially launched in mid-February, adding that there are reservations for phone greater than the achieved sales.
Sico Egypt plans to also manufacture TVs, ATMs, and POS at its electronics plant in Assiut Technological Park within the coming two years.
The local component ratio in the company’s phone is currently at 40%, with plans to reach 72%, which is the highest possible local component ratio, within five years.
Minister of Communications and Information Technology Yasser El-Kady gifted President Abdel Fattah Al-Sisi the first Egyptian mobile phone Nile X, which was manufactured at the company’s factory in Assiut Technological Park during the international telecommunication and information technology exhibition, Cairo ICT 2017.
The list of phones manufactured by the company in Egypt available for reservation include the Mini 3 at EGP 200, Plus 2 3G at EGP 850, Plus 2 4G at EGP 1,000, Diamond 2 at EGP 2,000, and Nile X at EGP 4,200.