Global smartphone output to plunge by record 16.5% in June quarter: TrendForce [Reuters]
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Source: Reuters
Global smartphone output to plunge by record 16.5% in June quarter: TrendForce (Reuters) - Global smartphone production is expected to slump a record 16.5% to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said here despite supply chains resuming after weeks of shutdown. Samsung Electronics ( 005930.KS ) and Apple Inc ( AAPL.O ) will retain their first and third spots on the leaderboard, but are both expected to lose market share to Chinese rivals, the market research firm said on Thursday. That follows a 10% drop in output worldwide in the March quarter, when the outbreak spread and peaked in China before sweeping through Europe and the United States. TrendForce cut its annual output forecast to 1.24 billion smartphones, down 11.3% from 2019, from 1.35 billion. “The pandemic is now making its effects felt on the demand side of the smartphone market by tanking major economies worldwide,” TrendForce said. Apple, whi
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