Friday, May 1, 2020

Global Smartphone Market Share in 2020 | COVID-19 Corona Virus Epidemic

The Global Smartphone production has been the lowest in the last 5 years. Due to the present Corona Virus COVID-19 Pandemic situation, global Smartphone production was the lowest in the first three months of this year, from January to March. According to market research firm Trend Force, smartphone production fell 10 percent this year where total number of unit is around 280 million units.

The Corona Virus epidemic cited factory closures, shortages of labor and equipment causes disruptions to Smartphone production, according to Trend Force research. The market research firm says the epidemic is now affecting demand in the Smartphone market, pushing major economies around the world.

According to a report, South Korean tech giant Samsung captured 23.3 percent of the whole market in the first quarter of this year. Samsung produced 65.3 million units of smartphones in the first quarter which is down 9.9 percent from the previous year. The company is under intense pressure from Chinese Smartphone brands and manufacturers. However, the first coronavirus exposure did not have much impact on them this quarter, as the company's addition factories were located in India and Vietnam.

China's Huawei is in the second place with 16.4 percent share of the smartphone market. The report said that demand for the brand in China's local market has begun to improve. Huawei has produced 48 million units of phones due to their local market demand.

According to Trend Force, the US Giant company Apple is in the third position in the present Smartphone market. Apple holds 13.5 percent of the smartphone market share. Apple has produced 37.9 million units of iPhones only due to a shortage of work forces and parts, which is 8.7 percent less than in the first quarter of last year.

Xiaomi, Oppo and Vivo occupy the next three positions in the Smartphone market share. Xiaomi has a market share of 8.8 percent, Oppo has 8.6 percent and Vivo has 8.2 percent.

The Trend Force report says, Global smartphone production for 1Q20 fell by 10% YoY to around 280 million units, the lowest in five years. Global production for 2Q20 is now estimated to register another YoY drop of 16.5% to 287 million units, the largest decline on record for a given quarter. TrendForce forecasts total yearly production volume of 1.24 billion units, an 11.3% decrease YoY.