Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Lagos Announces Partial Closure of Marine Beach for Repairs

The Lagos State Government has announced the partial closure of Marine Beach Bridge by Total Gas, inwards Apapa for...

15 Wool Braid Hairstyles You Should Try

Wool braid hairstyles have been popular for years and show no signs of slowing down. Wool braids allow you...
Global Smartphone Shipments Tumble 38 Percent YoY in February 2020Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

March 20, 2020 — According to the latest research from Strategy Analytics, global smartphone shipments tumbled 38 per cent year-on-year in the month of February 2020. It was the biggest fall ever in the history of the worldwide smartphone market.

Linda Sui, Director at Strategy Analytics, said, “Global smartphone shipments tumbled a huge 38 per cent annually from 99.2 million units in the month of February 2019, to 61.8 million in February 2020. Smartphone demand collapsed in Asia last month, due to the Covid-19 outbreak, and this dragged down shipments across the world. Some Asian factories were unable to manufacture smartphones, while many consumers were unable or unwilling to visit retail stores and buy new devices.”

Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

Neil Mawston, Executive Director at Strategy Analytics, added, “February 2020 saw the biggest fall ever in the history of the worldwide smartphone market. Supply and demand of smartphones plunged in China, slumped across Asia, and slowed in the rest of the world. It is a period the smartphone industry will want to forget.”

- Advertisement -

Yiwen Wu, the Senior Analyst at Strategy Analytics, added, “Despite tentative signs of recovery in China, we expect global smartphone shipments overall to remain weak throughout March 2020. The coronavirus scare has spread to Europe, North America and elsewhere, and hundreds of millions of affluent consumers are in lockdown, unable or unwilling to shop for new devices. The smartphone industry will have to work harder than ever to lift sales in the coming weeks, such as online flash sales or generous discounts on bundling with hot products like smartwatches.”

- Advertisement -
Global Smartphone Shipments Tumble 38 Percent YoY in February 2020Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  LBS signs partnership agreement with NEOMA Business School

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Global Smartphone Shipments Tumble 38 Percent YoY in February 2020Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

Latest News

Lagos Announces Partial Closure of Marine Beach for Repairs

The Lagos State Government has announced the partial closure of Marine Beach Bridge by Total Gas, inwards Apapa for...

MTN Nigeria announces N100 billion Commercial Paper issuance

MTN Nigeria Communications Plc has notified the public of its proposed series I and II commercial paper issuance of up to 50 Billion Naira. Having...

United Capital Plc Raises N10billion in Series 1 Bond Issuance

Aligning with its organizational objectives for the year 2020, United Capital Plc (“the Company”) has announced that the Company has successfully raised the sum...

Itel Mobile Unveils Olamide As Brand Ambassador (Photos)

In what can only be considered as the coming together of two kings, the smartphone for everyone brand, itel Mobile has unveiled Afro-pop star,...

At Least 80 Million Children Under One At Risk Of Diseases Such As Diphtheria, Measles And Polio As COVID-19 Disrupts Routine Vaccination Efforts, Warn...

COVID-19 is disrupting life-saving immunization services around the world, putting millions of children – in rich and poor countries alike – at risk of...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Global Smartphone Shipments Tumble 38 Percent YoY in February 2020Global Smartphone Shipments Tumble 38 Percent YoY in February 2020