A most recent report 02/04/2020 by technology analyst firm CCS Insight revealed yearly smartphone shipments could fall short by 13% by the end of 2020 due to the coronavirus pandemic. The firm expects a 250 million decrease in sales this year with only 1.57 billion mobile phones sold worldwide. In 2019 1.81 billion smartphones were shipped. So then the expectation shows a lesser device shipments than originally predicted. Should this be the case then we could be looking at the lowest number of smartphone sales in the last decade (10 years).
CSS believes smartphone shipments could drop by a whopping 29% in Q2 2020, even though the rest of the year seems more optimistic. The advent of cheaper 5G-enabled handsets could play a role in the rest of the year’s performance increase, but sales could still decline by 3% during the holiday season.
CSS Insight predicts the other side effect of the current pandemic is that the next couple of years could be pretty good for the mobile phones industry. The company expects shipments to shoot to 1.76 billion units next year and 1.99 billion units later on in 2022due to increased demand. The other side of the coin therefore becomes this: If CSS’ predictions pan out, this will mean the highest number of smartphone shipments in the last 10 years, which would be a complete contrast to what we might be seeing this year. You might want to check out CSS Insight’s full report here.
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