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Smartphone sales to fall 23% this year due to Covid-19 impact - study

Friday 10 April 2020 | 09:32 CET | News
The inevitable global recession caused by the Coronavirus (Covid-19) pandemic will create significant disruption to the automotive, consumer electronics, semiconductor and IT infrastructure businesses worldwide before recovery in 2021, according to a report from Strategy Analytics. Global smartphone sales are set to plummet 23 percent in 2020 ahead of a modest recovery the following year, said the report, adding that the impact on 5G will be considerable with services delayed in Europe and consumer appetite for expensive new 5G devices much less healthy in North America and China. 

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Categories: General
Countries: World
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