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Revenue fell for the smartphone industry due to COVID-19!

Smartphone industry:His numbers IDC indicate an annual drop of 11,9% in smartphone orders, with numbers showing a sharp decline for Q1. As a result, companies struggle to regain power. It's definitely a worrying piece of news for their industry smartphone.

Revenue fell for the smartphone industry due to COVID-19!
Revenue fell for the smartphone industry due to COVID-19!

More specifically, the report emphasizes that the numbers of the first quarter are the largest "yoy»Drop, in story of reporting. The bad news continues for smartphone makers, with the H1 down 18,2%.

The specific drops are a kind sponsorship of all the factors we expected to play a role, due to pandemic of coronavirus. The problems supply chain have succumbed to demand problems, as the recession has affected it global economy. In America, about 40 thousand people have been unemployed since the crisis broke out. So, it makes sense, people don't have to spend $ 500 to $ 1000 + for an unnecessary device upgrade.

The spread of its integration 5G, which analysts expected to pull industries out of stagnation, is likely to be postponed until 2021. Fortunately, the pandemic will bring a drop in the price of 5G devices, much faster than it would anyway.

Revenue fell for the smartphone industry due to COVID-19!

Meanwhile, a surprisingly strong market with products for remote work, like computers, will continue to have an impact on consumer spending on smartphones.

"There is no doubt that there are challenges in the smartphone industry. We believe that the economic downturn will cause a big fluctuation in the field of suppliers and the level. prices, "Said Ryan Reith of IDC in a statement.

"Increasing consumer spending on devices, beyond smartphones (computers, monitors, gaming consoles, etc.), will undoubtedly get a share of consumers' wallets, which would otherwise have been distributed to upgrades smartphone and 5G. "

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