The arrival of 5G devices and an influx of consumers looking to upgrade this year was meant to push the phone market back to growth for the first time since 2015. But the recent COVID-19 outbreak could instead cause shipments to drop down to a 10-year low.
Much-needed growth was expected in 2020, but not anymore
The latest market forecast by technology analyst firm CCS Insight points towards a huge year-on-year decline of 13% when it comes to phone shipments in 2020. That means almost 250 million fewer devices than originally predicted will be sold by the end of December.