What you need to know
- Research suggests smartphone production could be about to fall by up to 16.5%.
- TrendForce says that it only expects 287 million phones to be produced in the June quarter.
- That's despite signs that supply chains and manufacturing are starting to resume production.
Research from TrendForce suggests that global smartphone production may fall by up to 16.5% in the June quarter.
As reported by Reuters:
TrendForce has also cut its annual output forecast by 11.3% compared to 2019 and stated:
TrendForce seems to think that both Apple and Samsung's placings in the smartphone market will not be affected by recent events, but that we could see them losing market share to its Chinese rivals, which it says are "exerting continuous pressure on Samsung's presence in the Southeast Asian and Indian markets."
Usually, a downturn in production of that magnitude might lead to shortages of devices for consumers who want to purchase them. However given the current economic climate and global lockdown measures which have forced high-street retail to close down temporarily, it's certainly very possible that supply and demand may be falling in equal measure, meaning we might not really see the real effects of shortages reflected in device availability. Apple plans to announce its Q1 earnings on Thursday, April 30, which should be a good indicator as to how the company is coping.
and somehow qcom stock keeps going up.
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