Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
NIO Strikes Government Deal with New Headquarters and New Funding Plan
Daimler Slims Down China Venture in Global Cost Saving
U.S. Transport Agency Bans Employees From Using TikTok For Work
Huawei Launches New Foldable Smartphone, Targets Android Market with HMS
Industries Switch Up Production Processes to Use Byproducts to Produce Medical Supplies
China Plans to Mass Produce Driverless Cars by 2025 Later Than Previous Forecast
U.S. Companies Fluctuate on Wall Street as Covid-19 Hits Their 2020 Forecasts
Snack Shop Serves Up First IPO from Wuhan Since Covid-19 Outbreak Took Hold
Chinese AI Firm Laiye Secures $42 Million in Series C Funding Round
Japan’s Finance Minister Expresses Concerns Over China’s Digital Yuan
U.S. Allows China’s iFlyTek to Resume Purchases of American-Made Medical Products During Outbreak
China Accounts For Nearly Half of All Global 5G Smartphone Shipments in 2019: Research
Xiaomi-Backed Smart Home Cleaner Maker Raises $641 Million in Shanghai IPO
Foxconn Allows Henan Workers to Return to Its Zhengzhou Complex
Alibaba-Owned Livestreaming Platform Taobao Live Sees Rapid Growth Amid Outbreak
Lenovo Charges Up Investors by Playing Down Virus Impact
Huawei ‘Disappointed’ After U.S. Court Rejects Its Federal Ban Challenge
Didi Installs In-Car Protective Sheets Between Drivers and Passengers to Control Coronavirus
Puma and Adidas Face Massive Sales Drop Due to Coronavirus
China Raises First-Batch Rare-Earth Mining Quota by 10% for 2020
China’s Smartphone Shipments Could Drop 30% in Q1 Due to Coronavirus: IDC

By Ding Yi / Feb 10, 2020 05:35 PM / Business & Tech

Photo: VCG

Photo: VCG

China’s smartphone shipments are likely to suffer a year-on-year drop of more than 30% in the first quarter of 2020 due to the novel coronavirus that has led to the shutdown of countless handset manufacturing plants in the country, according to research firm IDC.

The first two months of this year could be a hard time for China’s handset market, with smartphone shipments plunging by about 40%, IDC said in a WeChat post last week, adding that, if the virus can be brought under control by March, the situation could become better in the second quarter.

With the virus confirmed to be transmitted between people, online sales would play a bigger role in keeping total smartphone shipments from dropping further in the first quarter, IDC noted.

However, the virus is not the only reason behind the pessimistic forecast.

IDC says that Chinese consumers will continue to hesitate to adopt 5G-enabled phones, despite domestic handset makers pushing premium models that take advantage of next-generation networks. The same qualms led to a decline in Q4 2019, when shipments slumped 15.6% year-on-year, the biggest fall since the first quarter of 2018.

According to IDC, over the course of the year, China could see an annual drop of 4% in smartphone shipments in 2020, compared with 2019, when handset producers shipped 370 million units.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Foxconn May Not Resume Full China Production Until Month-End Amid Epidemic: Reuters


Share this article
Open WeChat and scan the QR code