Global Smartphone Shipments Tumble 38 Percent YoY in February 2020

Must Read

2020 Brand Africa 100: These are the 10 most admired brands in Africa

NIKE RETAINS #1 IN AFRICA FOR THIRD YEAR IN A ROW AFRICAN BRANDS DROP BY OVER 60% IN...

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...

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

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

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 Urges FG to Help Prevent Erosion, Protect Coastline

The Honourable Commissioner for Waterfront, Arch. Kabiru Abdullahi has urged the Federal Government of Nigeria to join forces with...

FG To Inaugurate 200,000 Capacity Yam Storage Facility In Benue On June 9

The Federal Government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue,...

Thinking Of Auditioning For BBNaija? Here’s What You Should Know!

It’s three days left to the close of BBNaija auditions for season 5! ICYMI, BBNaija is back with a brand-new season in July 2020. The...

PepsiCo Pledges 1 Million GiveMealsGiveHope initiative to fight COVID-19 in Nigeria

PepsiCo Nigeria today unveiled a 1 Million GiveMealsGiveHope initiative to provide meals to vulnerable communities amidst the COVID-19 crisis. This initiative led locally by...

Children’s Day: Ecobank Counsels Parents on Remote Learning

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan called on parents to ensure their children study online and stay on top of their education despite...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Global Smartphone Shipments Tumble 38 Percent YoY in February 2020Global Smartphone Shipments Tumble 38 Percent YoY in February 2020