30% dip in handset sales anticipated in April-June
Market intelligence firm TechArc is anticipating a 25-30% dip in April-June sales as inventory replenishment will not happen at the desired rate owing to the rampant scale at which the Coronavirus is expanding. Similarly, CyberMedia Research (CMR) stated that handset shipment in the first quarter of the calendar year could see a potential decline of 8-10%; while Counterpoint Research estimates that overall India shipments will be down 15% this quarter.
“If the Covid-19 situation remains critical, the India smartphone market will be further impacted, especially the first two months of June ending quarter,” stated Prachir Singh, senior research analyst at Counterpoint Research. Wuhan, China, the epicentre of the Covid-19 outbreak, inhabits major component factories, which are currently running at 40% of their capacity.