The smartphone market is expected to dip around 16.5% in the second quarter according to latest report coverage by TrendForce, the reason behind this drop is coronavirus pandemic as it disturbed the supply chain across the globe, which led to the shortage of material and labor.
According to TrendForce data “Global smartphone production for first quarter 2020 fell by 10% YoY to around 280 million units which is the lowest in five years and in second quarter 2020 we can expect some recovery but research expected a decline of 11.3% for the whole year”.
Coronavirus has impacted demand and supply both, as lockdown pressure result in factory closure and hit people globally unemployed, in such scenario luxuries phones like iPhone can see a demand drop, as people are more conscious about the future spending.
Market Share And Production Volume Top Six Smartphone
- Samsung Tops the table with 23.3% in 1Q20 and Expected Market shares is 20.3% in 2Q20
- Huawei with 16.4% in 1Q20 and Expected Market shares is 16.7% in 2Q20
- Apple with 13.5% in 1Q20 and Expected Market shares is 12.6% in 2Q20
- Xiaomi with 8.8% in 1Q20 and Expected Market shares is 9.6% in 2Q20
- Oppo with 8.6% in 1Q20 and Expected Market shares is 10.5% in 2Q20
- Vivo with 8.2% in 1Q20 and Expected Market shares is 8.5% in 2Q20
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