Global smartphone shipments will fall nearly 12per cent to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower ...
Global smartphone shipments will fall nearly 12per cent to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower consumer spending due to the economic impact of the coronavirus crisis.
The COVID-19 pandemic has not only disrupted business supply chains, with major smartphone makers such as Apple Inc and Samsung Electronics Co Ltd flagging financial hits, but also squeezed consumer spending worldwide."Nationwide lockdowns and rising unemployment have reduced consumer confidence and reprioritized spending towards essential goods, directly impacting the uptake of smartphones in the short term", said https://bit.
Research firm TrendForce said in April it expected global smartphone production to slump a record 16.5per cent in the June quarter from a year earlier.
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