The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

COVID-19 Pandemic: Smartphone industry in India may take USD 2 billion hit

by TLN Team April 5, 2020April 5, 2020
written by TLN Team April 5, 2020April 5, 2020
COVID-19 Pandemic: Smartphone industry in India may take USD 2 billion hit

At present the country is undergoing through a complete lockdown to contain the spread of deadly coronavirus. This is not only affected the entire sector of our life especially the smartphone industry in India.

As per the research, it could take a USD 2 billion hit due the novel coronavirus as shipments waned significantly in the months of March and April compared to the previous year. The first quarter of the year had seen smartphone makers struggle on account of component supply being disrupted in China following the coronavirus outbreak.

As per the information, the effect of the pandemic on India was relatively mild until mid-March, Counterpoint Research said the outbreak is spreading pan-India and the country has been put under a lockdown. This is expected to result in a decline of 3 per cent in smartphone shipment in 2020 to 153 million units compared to 158 million units last year, it said.

Counterpoint Research Associate Director Tarun Pathak said that if the lockdown extends, the loss will be higher and could affect “the entire supply chain and the channels in terms of revenue, payments as well.” Moreover, consumer demand is also expected to get an adverse impact as people focus on saving and therefore, limit discretionary purchases for some time.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
After lockdown, commodities like onion, garlic witness steep fall in prices
next post
Bollywood king makes a king move

You may also like

Income Tax dept issues guidelines: TDS on crypto...

June 23, 2022

Technical Seminar on “Single Use plastic”

June 21, 2022

Hotels, meeting hall owners to inform EoW prior...

June 21, 2022

Wade President, Virdi Secretary of Ramgarhia Forum

June 17, 2022

VIA LEW Session on “Everything You Need for...

June 14, 2022

BRAND AMBASSADORS NOW WILL NOT BE ABLE TO DO...

June 12, 2022

VIA Agro & Rural Development Forum conducted session...

June 11, 2022

Out of 1536 laws on businesses in India...

June 6, 2022

Govt approves 8.1% rate on EPF

June 3, 2022

Restore Senior Citizens’ & Students’ railway ticket concessions...

May 31, 2022

Trending News

  • Drop in COVID cases, India detects 11,739 positive in last 24 hours

    June 26, 2022
  • Fake! NPCI clarifies on fraud claim videos on Fastags

    June 26, 2022
  • Huge jump: India’s daily COVID reports 17,336 cases in last 24 hours

    June 24, 2022
  • 70 rooms, 7 days, Rs 1 crore 12 lakh, Guwahati and Maharashtra political crisis

    June 24, 2022
  • India recorded 13,313 new COVID-19 cases in the last 24 hours

    June 23, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2020
M T W T F S S
« Mar   May »
 12345
6789101112
13141516171819
20212223242526
27282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.