FILE PHOTO: Individuals sporting protecting masks have a look at telephones at an digital retailer in Beijing, China March 25, 2020. REUTERS/Thomas Peter
SHANGHAI (Reuters) – International smartphone gross sales tumbled 14% in February because the coronavirus unfold in China and abroad, Counterpoint Analysis mentioned on Thursday, a probable harbinger of extra declines as outbreaks worsen in lots of components of the world.
The outbreak prompted Apple Inc (AAPL.O) and different smartphone makers to close their China shops in February and authorities information suggests Apple bought lower than 500,000 smartphones within the mainland Chinese language market throughout the month..
China, which noticed gross sales drop 38% in February from a 12 months earlier, is now exhibiting indicators of restoration with many shops re-opening in mid-March.
There are additionally indicators of restoration in South Korea, however for different components of the world, “the worst is but to come back,” mentioned Jean Park, a senior analyst at Counterpoint.
Smartphone makers are going through new provide chain disruptions as extra nations impose lockdown orders. On Tuesday, Foxconn (2317.TW), one among Apple’s key suppliers, mentioned it might droop operations in India in compliance with authorities orders.
Reporting by Josh Horwitz and David Kirton; Enhancing by Edwina Gibbs