28 Apr 2020 -
 General

Smartphone targets slashed by 15% in 2020

report supply chain 5G smartphones

Global smartphone shipments are expected to decline by 15% Y-O-Y to 1.15 billion units in 2020, as brand leaders Apple, Samsung and Huawei cut shipment targets in the wake of coronavirus pandemic, according to Digitimes Research.

The article refers to Apple’s downwards revision of financial guidance for the March quarter which would fall short due to the global health crisis. Back in January, Apple revised projected revenue from $63 to $67 billion for Q1, but that target became impossible as Chinese demand declined and supply chain disruptions started to bite.

Apple’s primary ‌iPhone‌ assembler Foxconn has also slashed its 2020 revenue outlook after strict quarantines were implemented at its main base in China.

DigiTimes also claims that Apple has cut its iPhone 11 orders for the second and third quarters of the year owing to the impact of the crisis.

Astute Electronics – Bringing you Safe Supply with the latest insights from trusted sources.

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more