Russia’s M.Video starts used smartphone sales as foreign supplies dwindle


An staff walks earlier fuel stoves on sale in a retail outlet of Russia’s greatest electrical and white goods retailer video in Moscow, Russia, April 15, 2016. REUTERS/Maxim Zmeyev

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  • This articles was made in Russia in which the law restricts coverage of Russian armed forces operations in Ukraine

MOSCOW, July 14 (Reuters) – Russian consumer electronics retailer M.Video-Eldorado (MVID.MM) on Thursday mentioned it experienced started providing discounted and utilized smartphones, featuring Russian shoppers more affordable alternatives as Western brands suspend shipments.

Apple (AAPL.O) paused all merchandise income in Russia in early March, just one of numerous Western organizations to distance by itself from Moscow considering that it sent tens of 1000’s of troops into Ukraine on Feb. 24 in what it termed a distinctive military services procedure.

M.Movie mentioned the move expanded its offered assortment of gadgets and that it was supplying “like new” Apple items.

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Provided minimal source to the Russian sector, M.Video clip mentioned discounted, employed electronics that are absolutely functional experienced the likely to supply an powerful alternate to consumers trying to get a flagship unit.

M.Video clip is following in the footsteps of mobile operator MTS (MTSS.MM), which launched a related enterprise in May well. examine additional

On Wednesday, the retailer stated it would additional than halve its 2022 expenditure programme in calendar year-on-12 months conditions and was doing the job on diversifying its provider base. study more

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Reporting by Reuters editing by David Evans

Our Criteria: The Thomson Reuters Belief Ideas.


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