Strategy Analytics Report 40% Drop In Smartphone Sales Due To Coronavirus Outbreak
As the world grapples with the coronavirus, the economic impact is mounting – with the OECD warning the virus presents the biggest danger to the global economy since the 2008 financial crisis, and it’s hitting the smartphone industry particularly hard.
According to Strategy Analytics global smartphone shipments fell -39% MoM and -38% YoY in February 2020 mainly due to the outbreak of COVID-19, which disrupted supply chain and depressed consumer demand significantly.
Global smartphone market posted a sharp fall this month blaming to the impact of the outbreak and spread of COVID in China and more countries.
Samsung remained on top of the industry in both shipments and sales, with Apple, Xiaomi, Huawei, Oppo, and Vivo trailing behind.
Subscribe To Our Newsletter
Join our mailing list to receive the latest news and updates from our team.