Global smartphone sales decline 14% in February: Report

Amid the COVID-19 pandemic, market demand is fragile but global smartphone sales in February declined only 14 per cent compared to last year, thus showing some resilience, a new report has said.
From the supply-side, global smartphone shipments (sell-in) fell a slightly more, down 18 per cent compared to last year but again a lower than expected drop, according to Counterpoint Research.
As coronavirus spreads like wildfire around the globe, its impact on the technology industry is unprecedented.
The global smartphone market is largely a replacement market, meaning that smartphones are a discretionary purchase.