Huawei Will Be the Worst Hit by the Coronavirus Outbreak: Report

With the recent outbreak of coronavirus, Chinese smartphone giants will be facing drops in sales throughout the outset quarter of 2020. A new report from Counterpoint Research at present predicts that Huawei would be the nearly affected brand since it accounts for over lx% of smartphone sales in the state.

The inquiry firm anticipates over fifty percent yr-over-twelvemonth reject in smartphone sales this quarter, particularly in the offline segment. Counterpoint expects over 20% drib in the overall smartphone sales during the time period. It continues to add, "OPPO and Vivo will also be impacted because of their greater reliance on offline sales channels. The influence on sales of Xiaomi, OnePlus and Realme volition likely exist less astringent as they are more online-centric and overseas-focused."

In case you're wondering, Huawei is not the only brand affected by the novel coronavirus. In fact, Apple'south offline stores beyond Communist china accept been shut for a while now. Initially, Apple was planning to reopen the stores on 15th February only given the electric current situations, nosotros could expect the Cupertino behemothic to expand the timeframe. We recently talked well-nigh the impact of coronavirus on the tech globe, so don't forget to check it out:

The firm expects the outbreak of coronavirus to be independent in March. With that said, the research director at Counterpoint Research Tom Kang points out that it will accept more than two months for sales to get back on track every bit information technology used to be. He also thinks the decline in smartphone sales could affect the 2nd quarter of 2020 as well, both in China and the international market. Then, what are your thoughts on this state of affairs? Let u.s.a. know in the comments beneath.

Source: https://beebom.com/huawei-worst-hit-coronavirus-outbreak-report/

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