How the Coronavirus Will Impact Tech Industry Shipments in Q1 2020

https://www.statista.com/chart/20894/estimated-impact-of-the-covid-19-outbreak-on-global-tech-shipments/

The coronavirus epidemic (COVID-19) is hitting the tech industry especially hard, as most technology companies rely on Chinese components and manufacturing. Trendforce predicts that global smartphone production will be 10% lower than originally expected, due to the impact from COVID-19.  Apple and Xiaomi have already announced that the COVID-19 outbreak will be negatively impacting Q1 2020.

Other tech products expecting hits are:

  • Smartwatches: -16%
  • Notebooks: -12.3%
  • Smart speakers: -12.1%
  • Smartphones: -10.4%
  • Video Games Consoles: -10.1%
  • TVs: -4.5%

Samsung is the one tech company expected to profit from the COVID-19 outbreak. The South Korean electronics giant moved most of its smartphone product from China to Vietnam within the last few years. The company also has pulled back from the Chinese market, so it will be less affected by store closures than its rivals.

The post How the Coronavirus Will Impact Tech Industry Shipments in Q1 2020 appeared first on NewsCetera.

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