Worldwide Smartphone Shipment to Decline by 2.3% due to Coronavirus

Worldwide Smartphone Shipment to Decline by 2.3% due to Coronavirus

We don’t know how long coronavirus will be contained and how many countries will be affected, but the outbreak is now starting to affect the worldwide smartphone shipment recovery for the year 2020.

According to the IDC report, The first half of 2020 will see a decline of 10.6% YoY, with the market predicted to only make up ground in the second half with accelerated 5G efforts.

The outbreak is currently affecting the Chinese economy and they are trying to recover from the shock. IDC is calculating a multi-quarter growth for the industry in China as Chinese workers gradually return to factories amidst persisting transportation challenges.

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February and March are usually the time some flagship models normally launch but it has already been affected by the outbreak of the disease. With this in mind, IDC predicted that smartphone shipment will be affected this year and I guess you know what it will mean to manufactures, Loses.

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