Epidemic to Cause 10.6% Global Decline in Q1 Smartphone Shipments, Says IDC
The coronavirus outbreak negates the previously expected “recovery” in global smartphone shipments this year, reported IDC Thursday. It’s forecasting a 2.3% decline in 2020 to 1.3 billion: The outbreak will “stress the short-term scenario,” shipments declining 10.6% in 2020's first…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
half. The market will return to growth in 2021, “driven by accelerated 5G efforts,” it said. “Our current forecasts are aligned with the probable scenario, which ascribes a multi-quarter recovery for manufacturing and logistics given a more gradual return of Chinese workers to factories." For the Chinese “epicenter” of the outbreak, “we forecast the domestic market to drop by nearly 40% year over year for first quarter and even with a potential March recovery it will still be difficult to reach last year's levels," said IDC.