Smartphone manufacturers from China are on a path to sign up for a double-digit decline in H2 In 2020, Digitimes Research predicts. While in the first half and was shaken up by the arrival of a COVID-19, and the second will be little improvement in the general economic situation and the persistence of the pandemic in a number of key markets.
The Top 4 vendors from China, Huawei, Oppo, vivo and Xiaomi reported 82.3% of the total revenue at home, due to the export restrictions of where users are simply not able to afford the latest technology and features in these turbulent times.
Looking at the results, shipments in Q2 were 157 million, a 43.3% increase compared to Q1, but on an annual basis, the amount is 15.2% less supplied units. Of the top brands, Huawei saw a 2.1% annual growth rate in shipments, Oppo and vivo had to be a single-digit decline, while the Xiaomi has been a huge hit – 27.1% less than the smartphones it sold.
The Chinese companies, and retailers are expected to bounce back, with the roll-out of ultra-affordable to 5G, phones are at around CNY1,000, or us $150) during the second half of the year 2020. An overall theme is back to 2019 at the latest numbers, it is highly unlikely that the tepid outlook for the global economy,” and that will be hurdle for their shipments in H2 By 2020″, Digitimes Research added.