Coronavirus pandemic has forced record smartphone production reductions
By Mike Wuerthele Thursday, April 30, 2020, 04:53 am PT (07:53 am ET) Even as the China supply chain lurches to life after a shutdown for most of the first quarter, the global smartphone market is expected to post a record contraction in the second quarter because of ongoing coronavirus impacts.The first calendar quarter of 2020 was impacted by the smartphone supply chain effectively shut down by the coronavirus pandemic. However, that virus is going to have demand effects carrying forward in the second quarter, according to new research by Trendforce.In a report published on Thursday morning, Trendforce believes that global smartphone production for the first calendar quarter of 2020 fell 10% year-over-year to 280 million units across the industry. If accurate, this is the smallest global volume of smartphone production in five years.While the firm acknowledges that the supply chain is recovering now, demand destruction and major economic...