Global smartphone market sees biggest decline in history last monthThe smartphone market just saw its biggest decline in history.
What you need to know
Global smartphone shipments saw their steepest decline in history last month.
Shipments dropped 38 percent in February 2020.
COVID-19 and its impact on manufacturing and shopping habits is to blame.
Apple had adjusted its expected performance for this quarter back in February, saying that the company would not hit its initial estimates due to the coronavirus pandemic. Now, Strategy Analytics has released a new report starting to shed some light on how much of a hit the smartphone market took. According to Neil Mawston, Executive Director at Strategy Analytics, the market saw its sharpest decline ever in February.
"February 2020 saw the biggest fall ever in the history of the worldwide smartphone market. Supply and demand of smartphones plunged in China, slumped across Asia, and slowed in the rest of the world. It is a period the smartphone industry will want to forget."
Linda Sui, Director...
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Global smartphone market sees biggest decline in history last month
