(Information) – World smartphone manufacturing is predicted to droop a document 16.5% to 287 million telephones within the June quarter from a yr earlier because the coronavirus pandemic muzzles demand, TrendForce mentioned here regardless of provide chains resuming after weeks of shutdown.
FILE PHOTO: A client holds a mobile phone throughout the purchasing season, ‘El Buen Fin’ (The Good Weekend), at a retailer in Monterrey, Mexico November 15, 2019. Image taken November 15, 2019. Information/Daniel Becerril
Samsung Electronics (005930.KS) and Apple Inc (AAPL.O) will retain their first and third spots on the leaderboard, however are each anticipated to lose market share to Chinese language rivals, the market analysis agency mentioned on Thursday.
That follows a 10% drop in output worldwide within the March quarter, when the outbreak unfold and peaked in China earlier than sweeping by Europe and the US.
TrendForce lower its annual output forecast to 1.24 billion smartphones, down 11.three% from 2019, from 1.35 billion.
“The pandemic is now making its results felt on the demand aspect of the smartphone market by tanking main economies worldwide,” TrendForce mentioned.
Apple, which is predicted to report March-quarter outcomes on Thursday, has slashed costs of its iPhone 11 in China, the one main market the place its shops are open. It additionally launched a $399 iPhone it hopes will discover takers in a frugal economic system.
TrendForce estimates iPhone manufacturing fell practically 9% to about 38 million models within the March quarter, and expects an additional drop of two million models within the present one.
Apple’s market share will slip to 12.6% this quarter from 13.5% within the final, TrendForce mentioned.
Samsung’s share of the market will ease three share factors to 20.three% within the June quarter.
“Chinese language manufacturers are exerting steady strain on Samsung’s presence within the Southeast Asian and Indian markets by the day,” the agency added.
On Wednesday, the South Korean tech big warned of great declines in its cellular enterprise within the second quarter.
China’s Huawei, which noticed income development sluggish sharply within the first quarter, is predicted to make about 48 million telephones within the June quarter to satisfy recovering home demand, up 2 million from the March quarter, TrendForce mentioned.
Chinese language corporations Xiaomi, Oppo and Vivo will every acquire market share within the June quarter. TrendForce added that Vivo was the one smartphone model among the many high six to see volumes improve within the March quarter however warned issues issues had been set to alter in gentle of lockdowns in Southeast Asia and India.
Reporting by Sayantani Ghosh in Singapore; Modifying by Clarence Fernandez