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Smartphone Shipment Decline 2020 Second Quarter
Smarphones shipment declined almost 30% for the same previous year second quarter. Worldwide smartphone vendors shipped a total of 275.1 million units during the first quarter of 2020 (2020Q1), resulting in a decline 11.9% YoY when compared to the 312.3 million units shipped in the first quarter of 2019 making it the largest annual (year over year) decline ever.
From a geographic standpoint, the largest regional decline in 1Q20 was in China, which saw shipments drop 20.3% year over year. Since China make up almost a quarter of worldwide shipments, this had a tremendous impact on the overall market. The global dependency on China for its smartphone supply chain also caused major issues as the quarter progressed. Other regions that contributed to the drastic worldwide decline were the United States and Western Europe, which declined by 16.1% and 18.3% respectively.
This happened because of the global pandemic of COVID19 (Corona Virus).
From a geographic standpoint, the largest regional decline in 1Q20 was in China, which saw shipments drop 20.3% year over year. Since China make up almost a quarter of worldwide shipments, this had a tremendous impact on the overall market. The global dependency on China for its smartphone supply chain also caused major issues as the quarter progressed. Other regions that contributed to the drastic worldwide decline were the United States and Western Europe, which declined by 16.1% and 18.3% respectively.
This happened because of the global pandemic of COVID19 (Corona Virus).