On April 3, it was reported that the analysts of CCS Insight had predicted the mobile phone market this year. He said that 2020 will be a difficult year for mobile phone manufacturers. Compared with 2019, the shipment of smart phones this year will decrease by 250 million units. It is estimated that the total shipment of smart phones this year will be 1.26 billion units, the lowest level in 10 years, and another 300 million functional phones.

The most affected by the COVID-19 epidemic will be the second quarter, and the overall shipment will drop by 29%. This phenomenon will last until the end of the year, and even affect the sales of Christmas abroad.

Although many consumers around the world stay at home and stores are closed, demand has not completely disappeared. However, enterprises are facing supply chain disruption, so they cannot meet the demand for some products.

Because consumers and enterprises are facing financial uncertainty, they will postpone buying new phones this year. Compared with 2019, the sales of mobile phones in the holiday season are expected to decrease by 3%.

On the other hand, the market is expected to rebound rapidly. CCS data shows that the suppressed demand this year will lead to a 12% increase in sales next year. This situation will continue until 2022, when the annual shipment will reach nearly 2 billion units.

Manufacturers hope to reduce the price of 5G mobile phones. By 2020, they are expected to sell 210 million mobile phones, 10 times that of last year. By 2024, most mobile phones on the market will support 5G, and the shipment of 5G mobile phones will reach 1.15 billion.

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