While the world health organization (WHO) is still working on a vaccine to stop the spread of the coronavirus disease which just made an entry to Nigeria a few days ago, a new report revealed that worldwide smartphone shipment will see about 2.3% drop due to the outbreak.
According to a recent report published by IDC, The first half of 2020 will see a decline of 10.6% YoY, with the market, predicted to only make up ground in the second half with accelerated 5G efforts.
IDC research manager Will Wong said: “We predict that the domestic smartphone market in China will decline by nearly 40% year-on-year in the first quarter, and even if a recovery may occur in March, it will still be difficult to reach the level of last year.
The outbreak is currently affecting the Chinese economy and they are trying to recover from the shock. IDC is calculating a multi-quarter growth for the industry in China as Chinese workers gradually return to factories amidst persisting transportation challenges.
February and March are usually the time some flagship models normally launch but it has already been affected by the outbreak of the disease. With this in mind, IDC predicted that smartphone shipment will be affected this year and I guess you know what it will mean to manufactures, Loses.
We don’t know how long coronavirus will be contained and how many countries will be affected, but we hope a solution a found real soon.