You can’t count on restoring the global smartphone market this year, as the uncertainty surrounding the outbreak of COVID-19 has increased over the past month. This opinion was expressed by IDC analysts.
Numbered, it sounds like this: it is predicted that the global smartphone market in 2020 will decrease by 2.3%, and the supply volume will be a little more than 1.3 billion units. The outbreak of COVID-19 will affect shipments in the first half of the year, which in annual terms will be less by 10.6%. Global smartphone shipments are expected to return to growth in 2021 thanks to the rapid introduction of 5G.
Traditionally, in February-March, many manufacturers present key products, but this year plans for the first half were crumpled. Most likely, this will lead to the adjustment of plans for the release of new models in the medium and even long term. According to IDC, the outbreak “will undermine the Chinese economy as a whole.”