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The Impact of the Covid-19 Pandemic on the 5G Smartphone Market
The Impact of the Covid-19 Pandemic on the 5G Smartphone Market
5G Smartphone Market

COVID-19 has infected people in a number of countries, prompting governments to impose a nationwide lockdown to prevent the sickness from spreading. The epidemic has also hampered the growth of the 5G smartphone Market. The COVID-19 pandemic is likely to have an influence on the market for electronics equipment, including consumer and industrial electronics. China is a key source of raw materials used in the production of electrical devices and finished goods. China's exports have dropped roughly 17% in the first two months of 2020 compared to the same period last year, according to figures issued by the Chinese customs agency. The electronics industry had been hit hard by production cuts, supply disruptions, and price swings. According to, unit shipments decreased by 15.5 percent year over year, from 335.8 million in 2019 to 269.7 million in 2020. Sales of electronics businesses have decreased as a result of COVID-19, resulting in a decrease in manufacturing and demand for 5G smartphones.

Read More: https://medium.com/@dataguy.cmi/5g-smartphone-market-projection-period-and-impact-of-covid-19-pandemic-bf3451f2c9e2

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