Smartphone sales fell 14% Globally in February Due to Corona Virus Outbreak
The outbreak of the Corona Virus has hit hard everyone as well as every industry and Tech Industries is no exception. Most of the tech events like F8 Developers COnference, Google I/O 2020, Apple WDC 2020, GDC 2020 and many others have already canceled or postponed due to the fear of Corona Virus. Most of the countries are in Lockdown including India and China causing the disturbance in manufacturing and shipment of smartphones and its spare parts. And this is the cause the global smartphone sales have fell 14% in the month of February 2020.
Lockdown, #stayhome, #staysafe is the reason either the employee is not working in the factory or the people are not interested in buying new devices at this period. Most of the stores in China are still closed due to the lockdown of the Government and sales of smartphones have declined to 38% only in China. According to Chinese reports, Apple sold less than 500,000 iPhones during this period in China.
Yes, there is the sign of recovery from China and South Korea with opening the stores from Late March but according to Jean Park, a senior analyst at Counterpoint, "the worst is yet to come" for other parts of the world.
Most of the Tech factories in India like Samsung, Foxconn has shut down their operation following the extension of Lockdown in the country. Foxconn is the key supplier of Apple and this may affect the launch event of the upcoming iPhone 12 in September.
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Just like Jean Park’s words, the worst is yet to come as the lockdown in various countries are extending until the next notice. We assume this decline in sales of smartphones will go even higher. Though the Covid-19 comes under control after some time, it might take some time for tech industries to recover and rise from the ashes.