The global smartphone market is experiencing a 50% drop
Pandemic COVID-19 crippled the global financial markets. Was no exception and the market of mobile devices, what reports in a new report by research firm Counterpoint Research. According to experts, based on weekly sales reports of smartphones, the us market the industry has already passed the lowest point and moves to the recovery phase after 48% drop. Since mid-March has been closed more than 60% of mobile electronics stores and major mobile operators T-Mobile and Sprint altogether closed 75% of sales outlets.
The sales decline in the ratio is observed in all the major manufacturers such as Apple, Samsung and LG. Especially notable is the weak launch Galaxy S20, which at the end of March barely exceed sales of last year’s series of Galaxy S10. We can only guess how it will affect the future trade policy of the company.