Trader platform gsmExchange building support; says weakened dollar increasing exports from US to Europe
The export of handsets and accessories from the US into Europe has increased in recent weeks with a weakening dollar, said trading resource gsmExchange last week.
The grey market has been buoyed by high demand for Apple products in particular, notably the iPhone 4 and iPad, as well as the opening of supply with the US, where operator-owned handsets has decreased, according to gsmExchange. The rise of imports from the US into the UK and Europe has followed some months of strong trade in the opposite direction, with a stronger US dollar.
Essam Bishara (pictured), managing director of distributor trading site gsmExchange and new retail trading site phoneLot said: “The market is buoyant, and we are seeing a lot of new retailers and traders from the US engage with our partners in Europe. The US market has opened up a lot, in part, because retailers are searching out alternative sources for supply as carriers have wielded less control over the supply chain.”
Apple is taking up to 15 per cent of business through its trading platform, the firm said, with demand even for the iPhone 3G S picking up again as availability has faltered.
Meanwhile, trading activity on Sony Ericsson devices has picked up considerably in recent weeks with its new range, said gsmExchange. Also, the trading environment has continued to show strong transactional activity around BlackBerry devices also, despite recent uncertainty within the United Arab Emirates, Saudi Arabia and India, all now resolved. In recent weeks, around $100 has been wiped off the wholesale price of the new BlackBerry Torch 9800 as manufacturer Research in Motion has attempted to bring trade of the device under its control.
Bishara said gsmExchange is dedicating its entire floorspace at CeBIT in March to exhibitors involved in the trade of handsets and accessories, where last year it gave some space over to traders of other computer components. It said its ‘Trade Zone’ at CeBIT on March 1-6 2011 is the definitive trader networking event in the calendar, and that 65 per cent of its exhibitor space is now full. It expects to have sold all stands within three weeks.
It said around 15 per cent of exhibitors at the Trade Zone will be from the US, all of them new faces. Latin America has also opened up as a trading area for European box-shifters. Distributors and traders from Germany, France, Holland, Luxembourg Dubai and Hong Kong have also taken space. Bishara expects around 20 UK firms. He claims 14,500 delegates registered at its CeBIT event this year.
He said: “This is the one event nobody misses; it is the central event of the year for trading companies in the parallel market. We make sure they get as much from it as possible in terms of networking and opportunities.”