Coronavirus to hamper global smartphone sales by 7% in Q1: Report

New Delhi: Although factories are beginning to ramp up production slowly, the first quarter smartphone sales are likely to hit by over 20 per cent in China in the first quarter, resulting in global sales going down at least 7 per cent compared to same period last year, a new report said on Thursday.

Foxconn said it is running at about half its normal low-season capacity — this equates to about 25 per cent of full capacity.

“While factories are anxious to ramp-up production, they’re also being careful that labour-intensive work does not rekindle viral outbreaks,” said Peter Richardson, Research Director, Counterpoint Research.