Wholesale China. Smartphone shipments projected to fall a record 12% in 2020.
Worldwide smartphone shipments are expected to fall by 11.9 percent this year – their biggest annual drop ever – indicating things are going to get worse for the industry before they get better.
In its latest market forecast, research firm IDC anticipates shipments of 1.2 billion in 2020, down from just under 1.4 billion last year. The annual forecast follows a record 11.7 percent year-on-year drop in the three months ending March. The latest projections are a dramatic revision of an annual forecast by IDC in February, after the virus first hit, that predicted a 2.3 percent decline.
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