Global smartphone output predicted to plunge by record 16.5% [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Global smartphone output predicted to plunge by record 16.5% An employee works on a production line at Huawei's factory campus in Dongguan, China, on March 25, 2019. Tyrone Siu/Reuters An employee works on a production line at Huawei's factory campus in Dongguan, China, on March 25, 2019. Global smartphone production is expected to slump a record 16.5 per cent to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said, despite supply chains resuming after weeks of shutdown. Samsung Electronics and Apple Inc 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 per cent 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 p
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