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SICO Tech, the first Egyptian producer of smartphones, expects to capture 17% of the country’s smartphone market by 2020 rise from the 2.7% it currently captures, as reported by Reuters. Mohamed Salem, the CEO of Silicon Industries Corporation (SICO), said in an interview that the company is targeting low-income clients that have long been priced out of being able to enjoy the benefits of smartphone usage. He expects the increase in market share to come directly from this demographic. SICO…
