Global smartphone shipments set to drop 12% in 2020
Another troubling report for the smartphone industry this week. This time the numbers come from IDC, which puts shipments at an 11.9% year-over-year decline for 2020. The number reflects a steep drop off in Q1, followed by what what will likely be continued struggles for companies to regain footing. In fact, the report goes on to note that the first quarter's figures represent the sharpest y-o-y drop in the history of its reporting. That's bad enough news, right? Well, things aren't getting too much better for smartphone makers any time soon. The whole of H1 is on track for an 18.2% decline. The slowed recovered comes courtesy of all of the factors we've come to expect at this point in the global pandemic. Supply chain issues have given away to demand problems, as recession has gripped the global economy. Here in the States, some 40 million people have applied for unemployment since the beginning of the crisis. It's an understatement to say people simply ...