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Wednesday, 12 February 2020

CR: Chinese smartphone market crashes due to nCoV

The detrimental effects of the Novel Coronavirus (nCoV) on smartphone manufacturers and their supply chains will have a solid impact on Q1 performance. Counterpoint Research updated its Q1 forecast for the Chinese smartphone market and total shipment estimates are down by nearly 30 percent points compared to previous calculations. Counterpoint now predicts 63 million smartphone shipments for the January-March period which is a significant decrease from the previously estimated 90 million shipments. Furthermore, Counterpoint also estimates a 70% year over year (YoY) decline in offline...



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