Global Smartphone Shipments to fall 12.5% This Year

Sunny Optical  held investor day today, the company predicted in the data that due to the new covid-19  epidemic, economic downturn and insufficient consumption power, mobile phone demand will decline, and global smartphone shipments are expected to fall by 12.5% ​​to 12 in 2020 100 million.

At the same time, the increase in international trade friction has disrupted the industry’s supply chain, making the competitive landscape more uncertain. Chinese smartphone shipments will fall 11% to 340 million units; Indian smartphone shipments will decline 22% to 118 million units.

Sunyu also pointed out that the cost of 5G mobile phones is still high and there is a lack of application support. The industry’s pulling effect is less than expected. It is expected that 5G mobile phone sales will be 5.7% less than expected. According to the company, it will focus on establishing cost advantages, strengthening global production capacity and enhancing customer loyalty in order to gain a higher market share in the global market.

Shunyu closed at 119.8 yuan today, up 2.9%, with a turnover of 1.1 billion yuan.

Fitch expects smartphone shipments to decline 15% to 17% this year

Fitch, a rating agency, also predicts that global smartphone shipments will continue to decline in 2020, falling 15% to 17%, mainly due to the prolonged use of smartphones.

However, Fitch expects that if economic activities are fully launched after the epidemic, 5G will develop rapidly in developed countries and some emerging markets, driving a strong recovery in smartphone demand next year. The agency predicts that next year, global 5G mobile phone shipments will account for 17% to 20% of overall mobile phone shipments, and China’s share may reach 29%.

Editor’s note: This article is for reference only and does not constitute an offer, solicitation or invitation, inducement, any representation regardless of type or form, or make any suggestions and recommendations. Readers should use their independent thinking ability to make their own investment decisions If any losses are incurred due to the relevant recommendations, it has nothing to do with Lean Financial Media, the editor and the author.

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Global Global Smartphone Shipments to fall 12.5% This Year Shipments to fall 12.5% This Year - /10

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Sunyu expects global smartphone shipments to fall 12.5% this year

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