Egypt begins trial operations at Red Sea Container Terminal as first vessel docks at Sokhna Port    Egypt, Saudi FMs discuss Gaza, Sudan and preparations for Supreme Coordination Council    Egypt moves to roll out 'green label' for plastic products to boost circular economy    As Kyiv weighs neutrality, Kremlin eyes a 'cornerstone' for peace while Europe warns of trap    GAFI witnesses first Polish investment agreement in Egypt's frozen food sector    Egypt, Italy's Eni discuss healthcare partnership to operate two hospitals    'Friends become enemies': Trump's new strategy fractures European unity    Egypt's SCZONE to host $200m Qatar's sustainable aviation fuel project    Egypt's SPNEX Satellite successfully enters orbit    Madinaty Golf Club hosts charity tournament for Alzheimer's awareness    Oil prices edge higher on Monday    Asian stocks fall on Monday    Egypt health ministry explores expanded TB screening, water surveillance with Clinilab    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    Egypt's Cabinet approves development of Nasser Institute into world-class medical hub    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Smartphone sales witness largest decline ever in February due to coronavirus
The global smartphone industry has been affected by the fact that many factories in China have stopped operation due to the outbreak of the coronavirus.
Mohamed Alaa El Din Published in Daily News Egypt on 22 - 03 - 2020

A research conducted by Strategy Analytics has shown global smartphone sales decreased 38% year-over-year in February, the largest drop ever in the smartphone industry.
In February, global smartphone sales reached 61.8m units, compared to 99.2m units in the same month last year.
The global smartphone industry has been affected by the fact that many factories in China have stopped operation due to the outbreak of the coronavirus.
With the spread of the COVID-19, manufacturing slowed in China in January, disrupting supply chains for many industries worldwide, especially for consumer electronics.
Additionally, people were unable and unwilling to shop in stores, as global economic slowdown reduced consumer spending on non-essential items and supplies.
Neil Waston, Executive Director at Strategy Analytics, said that in February, demand for smartphone in China and across Asia slowed, as well as worldwide, causing smartphone shipments to drop the most in history.
According to the analyst firm, fear of coronavirus has spread to Europe, North America, and other areas, and there are hundreds of millions of wealthy consumers who are unable or unwilling to shop for new devices.
Strategy Analytics added, “The smartphone industry faces an ever greater challenge to raise sales in the coming weeks, through online sales with big discounts.”

Clic here to read the story from its source.