Sunday, June 7, 03:59
Home inet China: 45% decline in smartphone market due to coronavirus

China: 45% decline in smartphone market due to coronavirus

smartphone

The tech giants Apple, Huawei and Xiaomi, experienced a huge drop in their smartphone sales last month. The Cupertino-based company sold fewer than 500.000 smartphone devices, a figure of 60% year-over-year. The monthly comparison is even worse, after 2 million iPhones were sold just before the Lunar New Year in the last days of January. This big drop in China's smartphone market is directly related to the rise of the coronavirus.

Apple sold just 494.000 units, while the Chinese Companies overall sales declined, from 12,72 million in February 2019 to 5,85 million a year later. The fall was identified and reported by the China Academy of Information and Communications Technology and is the result of factories shut down all over the country. China, as a measure to protect and reduce the spread of the virus. In addition, the additional measures imposed by government, which have reduced business trips to the country and forced residents to stay in their homes, have contributed to a further decline in sales.

Popular research companies such as IDC and Canalys expect a 40% drop in sales in the first quarter of 2020, as the epidemic hits both demand and the supply chain. In addition, the first two weeks of February were crucial for the Chinese smartphone market. THE Apple closed its stores, which are now open again despite not being fully operational. The company is also reviewing its earnings guidelines as a result of sales decline.

Η threatening a global economic downturn is more than expected and of course the smartphone market will not get away with it.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Absent Mia
Absent Miahttps://www.secnews.gr
Being your self, in a world that constantly tries to change you, is your greatest achievement

LIVE NEWS

Lyrics from AI technology or from people: Can you tell them apart?

While a large percentage of people can recognize when they are talking on a chatbot instead of a human operator, it seems that this is not the case ...

Technology and children: When are they ready for safe use?

Today's children and teens use various messaging apps and social media to ...

Call of Duty Black Ops Cold War: The first video leaked

The first video from the gameplay of Call of Duty 2020, which is rumored to be called Black Ops Cold War, has just been revealed.

Elon Musk: "It's time to break up Amazon"

Elon Musk intensifies the fight with Jeff Bezos with a new tweet: The General Manager of Tesla Inc., Elon Musk, said ...

Attack on America's 5G towers on Saturday!

Protests over 5G connectivity are scheduled to take place over the weekend, according to NATE. According to a recommendation that was identified ...

Windows 10 Updates: You can block them with Wu10Man!

Microsoft launched the Windows 10 update in May 2020, so it will be available on your computer soon ....

ECh0raix Ransomware: New campaign targets QNAP NAS devices!

Malicious agents behind eCh0raix Ransomware have launched a new campaign targeting QNAP NAS devices. ECh0raix was observed ...

Mac: How to change the storage location of your screenshots?

When you take screenshots on your Mac device using the Shift-Command-3 shortcut to take a screenshot of the entire computer screen or Shift-Command-4 ...

Malware USBCulprit: Aims devices that are not connected to a network

Did you think that devices without any connection to a local or other network (air-gapped devices) are safe? Think again! The USBCulprit malware that ...

Free Microsoft Teams: You can finally create meetings!

Users of the free version of Microsoft Teams can now create video meetings. The change, identified by ...