The smartphone market is expected to decline as much as 16.5% in the second quarter, according to latest estimates by TrendForce. Of course, the cause of this precipitous drop is the continuing economic impacts of the coronavirus.
TrendForce believes the first quarter of 2020 saw a 10% decline in smartphone output, and that will worsen in Q2 as businesses feel the brunt of a full quarter of coronavirus lockdowns. The firm currently estimates an 11.3% decline for the full year, which means it expects some degree of recovery in the second half of the year.
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