Last week, Counterpoint predicted that Chinese OEMs would face a 30 percent decline in the shipments of smartphones due to the ongoing Coronavirus epidemic. Another report from Digitimes suggests similar statistics. According to the new report, even if the Chinese government manages to control the pandemic by the end of February 2020, it will still instill a 9 percent decline in the overall shipments of smartphones from Chinese manufacturers. According to Digitimes, consumer demand has also decreased significantly due to the coronavirus situation. Top OEMs like Huawei, Oppo, Vivo, and Xiaomi, were all set to sell off a significant chunk of smartphones during the Chinese New Year period but failed to do so. They are currently sitting on high inventory levels.

© Pakistan Press International, source Asianet-Pakistan