Due to the infection spread across the world, there can be a decline of up to 12% in smartphone purchases globally. 12 per cent means that 1.2 billion phones will not be purchased. Its information has been given by the market research firm IDC. The report said that due to the lockdown, the economic condition of the people is weaker than before which will affect the smartphone market. The transition has not only affected the business supply chain but has also weakened the economic condition of companies like Apple and Samsung.

Sangeetaka Srivastava, the senior research analyst at IDC, said, "Nationwide lockdown and rising unemployment have reduced consumer confidence on the economic front, which is directly impacting smartphone purchases." The company then had to sell the iPhone 11 in China with a discount. Looking at the market, the company has recently introduced the iPhone SE 2020, which is the cheapest new iPhone ever.

A few days ago, research firm Trendforce said that global smartphone production in April registered a record 16.5 percent drop in the June quarter over the previous year, although China's factory shipments during the same period in April compared to last year There has been a 17 per cent increase, indicating the initial uptick in domestic demand in the world's largest smartphone market. The research firm has also said that given the boom in 5G smartphones, it can be said that the losses in the year 2020 The compensation will return by the first quarter next year.

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