-
Nasa Releases Mars Landing Video, Calls it ‘stuff of dreams’ - 13 hours ago
-
All Senate Candidates from Punjab Elected Unopposed - 2 days ago
-
FATF gives 4th Extension to Pakistan to fully Implement ‘action plan’ - 2 days ago
-
KIA has Sold more cars than Honda in two Months - 2 days ago
-
Pakistan Offers $50m Credit line to Sri Lanka for Defence Ties - February 25, 2021
-
Pakistan Lifts Curb on Commercial Activities amid Decline in Covid-19 Cases - February 25, 2021
-
Tiger Woods had Serious Leg Injuries after high-speed Crash - February 24, 2021
-
Broadsheet Ends up Paying Rs4.5m to Sharif Family in London Lawsuit - February 24, 2021
-
Sri Lanka Visit to Strengthen Bilateral, Trade Ties: Pakistan PM - February 24, 2021
-
Chief Justice forms Full Bench on Justice Isa Review Petition - February 24, 2021
Global Smartphone Sales Fell 14% in February as Coronavirus Spread: Counterpoint
Global smartphone sales tumbled 14% in February as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday, a likely harbinger of more declines as outbreaks worsen in many parts of the world.
The outbreak prompted Apple Inc (AAPL.O) and other smartphone makers to shut their China stores in February and government data suggests Apple sold less than 500,000 smartphones in the mainland Chinese market during the month..
China, which saw sales drop 38% in February from a year earlier, is now showing signs of recovery with many stores re-opening in mid-March.
There are also signs of recovery in South Korea, but for other parts of the world, “the worst is yet to come,” said Jean Park, a senior analyst at Counterpoint.
Smartphone makers are facing new supply chain disruptions as more countries impose lockdown orders. On Tuesday, Foxconn (2317.TW), one of Apple’s key suppliers, said it would suspend operations in India in compliance with government orders.