He coronavirus continues to keep everyone awake, even the World Health Organization (WHO) has already announced the World Health Notice. It is a deadly virus that has forced it Xiaomi to close its stores in China and that has caused the Youpin website to fall in desperate need of musicians in China. And it looks like the epidemic will also affect the smartphone market, because research confirms that Chinese mobile sales will drop by up to 30% due to coronavirus.
A Strategy Analytics report, presented by Cnbeta, shows that Chinese smartphone sales will decrease by 30% in the first quarter of 2020, and mark the coronavirus as the primary source of this foundation. Studies confirm that this virus will reduce GDP growth and consumer spending in China, which will affect the Asian smartphone market.
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In the same way, the report also reveals that mobile sales are likely to decline by 2% due to the epidemic, while exports to China terminals are expected to drop by 5% this year. However, this study also confirms that the greatest impact will occur. during the first trimester this year, we expect a decline in China's mobile sales by 30%.
China makes about 70% of smartphones worldwide
Studies also note that China makes about 70% of smartphones worldwide, hence the delay in factory work due to New Year's holidays and mobility and restriction of people It will adversely affect the supply and production of these devices worldwide.
But that is not enough, because the report also shows that the impact of coronavirus on Chinese smartphone sales It would be far worse if the epidemic was not controlled in the coming months. In the meantime, just wait and see what happens next with the sale of these devices in the coming weeks.
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