The recovery of the global smartphone market is affected in 2020 by the uncertainties surrounding the coronavirus (aka Covid-119), IDC reports, as shipments are set to decline by -2.3% to just over 1.3 billion units.
The coronavirus impact should stress the market in the short-term, leading to shipments dropping by -10.6% Y-o-Y in H1 2020. The analyst has optimistic, probable and pessimistic forecasts relating to the virus. It is currently sticking with the probable scenario, describing a multi-quarter recover for manufacturing and logistics following a more gradual return of Chinese workers to factories amidst persisting transportation challenges. China's demand shock extends several quarters, but it government-backed stimuli and subsidies should mitigate it by the end of the year.