Global Smartphone Sales Fell 14 Percent in February as Coronavirus Spread: Counterpoint

Global smartphone sales rolled 14 percent in February as the coronavirus spread in China as well as overseas, Counterpoint Research stated on Thursday, a most likely precursor of even more decreases as break outs intensify in lots of components of the globe.

The break out triggered Apple as well as various other smartphone manufacturers to close their China shops in February as well as federal government information recommends Apple offered much less than 500,000 mobile phones in the landmass Chinese market throughout the month.

China, which saw sales decrease 38 percent in February from a year previously, is currently revealing indications of recuperation with lots of shops re-opening in mid-March

There are additionally indications of recuperation in South Korea, but also for various other components of the globe, “the worst is yet to come,” stated Jean Park, an elderly expert at Counterpoint.

Smartphone manufacturers are encountering brand-new supply chain interruptions as much more nations enforce lockdown orders. On Tuesday, Foxconn, among Apple’s vital providers, stated it would certainly put on hold procedures in India in conformity with federal government orders.

© Thomson Reuters 2019

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