Coronavirus is getting the most havoc in Chinese. The most impact of this virus has started falling on the Indian mobile industry. Its effect will start showing after mid-March. According to media reports, the coronavirus has disrupted the 2020 plans of global tech giants. Due to this many global major conferences have had to be canceled or postponed. This will disrupt the supply of smartphone components (mobile parts) from China to India by the second quarter of this year.
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Smartphone manufacturing has increased in India in the last few years, but the country is still largely dependent on China for the supply of its components. The Associate Director of Counterpoint Research Tarun Pathak has said that India's smartphone market shipments will see a decline of at least 15% in the first quarter (January-March period). Pathak further told IANS that whatever shipments were to come to India, they have arrived by the end of February. The problem is going to be bigger this month because the Chinese manufacturing plants were almost closed last month. We are keeping a close watch on this and are constantly giving the status of the industry, which is quite weak at this time.
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Peter Richardson, Research Director of Counterpoint Research, said that the new equipment that will be launched in the first half will be affected. Chinese factories will not work properly. All the factories here will resume operations slowly and carefully. Smartphone sales in China may see a 30% drop during the lockdown period, which is likely to last until the end of March. Its effect can be seen till the second quarter.
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