Global smartphone shipments are expected to decrease by 18% in the first half of 2020 and 12% in 2020 as a whole
Research firm International Data Corporation (IDC) reported that global smartphone shipments fell by 18% in the first half of 2020, with a forecast of nearly 12% decline in 2020 as a whole. IDC speculates that the reason for the large drop in shipments was 'the global economic disruption caused by the new coronavirus infection (COVID-19) disrupted logistics worldwide.'
IDC Expects Worldwide Smartphone Shipments to Plummet 11.9% in 2020 Fueled by Ongoing COVID-19 Challenges
IDC reports that due to the economic impact of the COVID-19 pandemic, smartphone shipments declined 18.2% year-on-year in the first half of 2020. We also forecast that the global smartphone shipments in 2020 will be approximately 1.2 billion units, down 11.9% from the previous year.
IDC believes that a large drop in shipments in 2020 is largely due to 'recording the largest drop in shipments in the first quarter of 2020 compared to the same period last year.' Research firm Gartner announced that in the first quarter of 2020, smartphone shipments fell below 300 million units, a 20% decline.
Research firm reports that smartphone sales in the first quarter of 2020 are down 20% globally-GIGAZINE
'From a geographical point of view, the Chinese economy will continue to be affected by COVID-19, but there are signs of improvement as lockdowns and logistics disruptions are gradually mitigated. Since the reopening and travel and logistics have been gradually lifted, the Chinese smartphone market will not be adversely affected.' On the other hand, in Europe, especially in countries such as Italy and Spain that were greatly affected by COVID-19, the number of smartphones shipped has decreased significantly.
'The economic impact of the logistics crisis has turned into a demand-side problem,' says IDC senior market analyst Sangeetika Srivastava. Consumers spend on essentials due to national blockades and rising unemployment. Which had a direct impact on smartphone sales.” 'The bright news is that 5G will serve as a catalyst for the global smartphone market recovery by 2021,' he said.
Ryan Reith, Vice President of Worldwide Mobile Device Tracker Program at IDC, said, 'The economic recovery in China is impressive, to say the least, given the impact COVID-19 had on China initially.' “We believe that the recession in the smartphone industry will cause some changes in vendors and price point situations due to challenges in the smartphone industry. It is more mobile than smartphones such as PCs and game consoles. There's no doubt that the surge in consumer spending, especially on low-end devices, will tie up smartphone upgrades and consumer wallets that have been dedicated to 5G, making it even more 5G-enabled smartphones than expected before the pandemic. We believe that the price of the smartphone will decrease,” he said, with the view that it will result in the growth of the smartphone market.
Related Posts:
in Mobile, Posted by log1i_yk