International Smartphone Gross sales Fell in February as Coronavirus Unfold: Counterpoint


International smartphone gross sales tumbled 14 p.c in February because the coronavirus unfold in China and abroad, Counterpoint Analysis stated on Thursday, a possible harbinger of extra declines as outbreaks worsen in lots of elements of the world.

The outbreak prompted Apple and different smartphone makers to close their China shops in February and authorities knowledge suggests Apple bought lower than 500,000 smartphones within the mainland Chinese language market throughout the month.

China, which noticed gross sales drop 38 p.c in February from a yr 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 elements of the world, “the worst is but to come back,” stated Jean Park, a senior analyst at Counterpoint.

Smartphone makers are dealing with new provide chain disruptions as extra international locations impose lockdown orders. On Tuesday, Foxconn, one in all Apple’s key suppliers, stated it could droop operations in India in compliance with authorities orders.

© Thomson Reuters 2019


Recommended For You

About the Author: The News Of India

Leave a Reply

Your email address will not be published. Required fields are marked *