24.1 C
Lagos
Monday, September 21, 2020

How is Coronavirus Affecting the Smartphone Market?

- Advertisement - data-full-width-responsive="false">

The internet and media outlet is filled with news about the latest Coronavirus and its deadly capabilities. First discovered to have originated from Wuhan in China, the virus is contagious (you can catch the latest info on the virus here on Healthtian).

- Advertisement -

But not much has been explored about how the virus may affect tech. Well, Technology needs people and Chinese companies have invested a lot in the mobile phone industries. Keeping their workers at home to minimize the spread of the Virus have seen announcements of phones and plans slow down

According to information credited to CounterPoint Research, the Chinese smartphone market for the first quarter will see shipments go down by a whopping 30%.

Chinese smartphones shipment had been estimated to be at about 90 million smartphones in the first quarter but it has been reduced to about 63 million. This may likely be due to fear on the part of consumers and also lack of information or adequate education.

Huawei whose shipments heavily depends on the Chinese market will take the biggest share of the losses with Oppo and Vivo also partaking in it.

Also, the Mobile World Congress 2020 in Barcelona has also felt the impact of the Coronavirus as major companies have withdrawn from participating this year. Intel, Vivo, MediaTek, LG, TCL, Sony, and Amazon have all pulled out of the MWC. The latest to Pull out is Nokia and HMD Global.

Nokia and HMD Global sent out separate press releases from their neighboring offices in Espoo, Finland, confirming the outbreak of the coronavirus Covid-19 and the concern for the health of their employees is the major reason to pull out of the event in Barcelona.

While the health and safety of our employees is our absolute priority, we also recognize that we have a responsibility to the industry and our customers.” Nokia wrote. “In view of this, we have taken the necessary time to evaluate a fast-moving situation, engage with the GSMA and other stakeholders, regularly consult external experts and authorities, and plan to manage risks based on a wide range of scenarios.”

The conclusion of that process is that we believe the prudent decision is to cancel our participation at Mobile World Congress. We want to express our thanks to the GSMA, the governments of China and Spain as well as Catalonia’s Generalitat, and many others who have worked tirelessly to address the challenges resulting from the novel coronavirus, and they have our full support as they move forward.

Rather than meeting customers and stakeholders in Barcelona, Nokia plans to go directly to customers with a series of “Nokia Live” events aimed at showcasing the industry-leading demos and launches scheduled for MWC.

Advertisement
data-full-width-responsive="true">

The press release on the HMD Global website pretty much mirrors that released by Nokia. It also looks like schedules for phones will be moved forward and there might be surplus phones by the end of the first quarter.

GSMA, the organizers of MWC, released a statement earlier this week reassuring that MWC will go as planned, while also confirming that the event will have an attendance of 2,800 exhibitors. But according to a new report coming out of Spain, GSMA is holding a meeting on Friday, February 14, to decide the fate of MWC 2020.

It seems like it may take some time for the smartphone world to get moving again

Source: 1, 2, 3,

- Advertisement -
Laurence Inyanghttps://rencetek.com
Laurence is a computer science graduate. He sees himself as "Simple," but "Always Curious." When he is not seeing anime or reading about phones and trending technologies, he is somewhere in his room building WordPress websites for his web agency. He is here to give accurate information and also help people with his articles. You can reach him via any of the social media handles.
- Advertisement -

Trending Now

Strategies for Employers and Employees to Encourage Better Health Habits

Health is wealth not only for the person concerned but also for other people around him or her. Assuming that you are an employer,...
- Advertisement -

Startimes Subscription Prices, Packages and Channels List in 2020

StarTimes Nigeria is one of the popular cable TV providers in Nigeria. This service is a subsidiary of a Chinese based company...

10 Best Places to Download Bollywood Movies

Do you spend hours watching Bollywood movies as I do? Have you been in search of the perfect sites to download the...

Big Brother Naija 2020: How to Vote Using MyDStv, MyGOtv App?

Big Brother Naija pepper dem has been everything hot and spicy since it started, and Big brother keeps serving us the viewers...

7 Best Offline Racing Games for Android Users in 2020

Are you a real gamer? If you are one, then you will know how exciting it can be to experience the adrenaline rush that...

GB WhatsApp, WhatsApp Plus and OG WhatsApp Tips and Tricks

Checkout the new GB WhatsApp Tutorial. Hello, welcome to WhatsApp Plus, OG WhatsApp and GB WhatsApp tips and tricks. For the sake of this article,...

9+ Infinix Phones With Best Camera in 2020

People purchase smartphones for different reasons, and it is no brainer that the camera specifications is one of the features they look out for...

Best Low Size PC Action Games For Your Old PC/Laptop With Low Specs

Gaming time is one our favorite time and nothing beats the ability to play high-quality games on our PCs but like some of our...

MyGOtv App – Manage Your GOtv Account & Subscription Easily

Multichoice Nigeria, the owners of DStv and GOtv has recently launched a new mobile application called MyGOtv, for its popular digital platform, GOtv. According to...

GB WhatsApp Pro, OG WhatsApp Pro V8.10 (GB OG Replacements) Latest Version

Good day peeps, the latest GBWhatsApp is here... and it is called the GB WhatsApp Pro Remember earlier, GB Mods the maker of GB WhatsApp...

How to Recover Lost Snapchat Account?

Losing a Snapchat account can be disastrous as many of us use the Social for private purposes and its privacy oriented features. Forgetting passwords...
- Advertisement -

Related Posts

Redmi Note 9 Pro Max Sales Begin May 12 in India

Redmi announced the Note 9 Pro and Note 9 Pro Max in India in March. The Note 9 Pro went on sale...

AMD Ryzen 4000 “Renoir” leak suggests truly powerful 8-core APU

Double the flagship quad-core model of the Ryzen 3000 APUs. AMD Ryzen desktop APUs will get a boost and grow to 8...

Xiaomi, Other Chinese Brands Prepares For US Ban

Most parts of last year were dominated by the trade war between the USA and China and smartphone makers Huawei was caught...

LG Stylo 6 Which Displays a Screen and Three Rear Cameras, Leaked

LG announced Stylo 5 last June, and it looks like the company will soon be unveiling its successor Stylo 6, which appeared...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.