China’s Q1, 2020, smartphone sales to be slumped by more than 50%: Research

by   |  VIEW 338

China’s Q1, 2020, smartphone sales to be slumped by more than 50%: Research

A number of researches conducted by Chinese financial consultancy giants alongside a slew of studies conducted by China’s local newspapers over the recent past had revealed that the China’s smartphone market, the world’s largest in terms of revenues, would likely to witness its sales getting halved over the first quarter of 2020, as a fast-spreading coronavirus outbreak in China that had led to the death of more than 900 people over the past two weeks, had been prompting a number of retail shops to remain closed for an extended period of times and production lines had yet to stabilize amid a virtual lockdown on a raft of Chinese industrial cities.

In point of fact, latest research reports came forth only a couple of days after Huawei, the world’s largest telco gear manufacturer, had forecasted a rebound in the world’s largest smartphone market following its rollout of fifth-generation network services.

Nonetheless, casting a corrosive shadow over the Chinese smartphone industry ahead of Huawei’s fifth-generation wireless networking rollout, a research firm Canalys wrote in a client note later last week, “Vendors’ planned product launches will be cancelled or delayed, given that large public events are not allowed in China.

It will take time for vendors to change their product launch roadmaps in China, which is likely to dampen 5G shipments. ”