On a subway in the morning after the extended Lunar New Year holiday, in Beijing, China, Feb 10. Smartphone sales in China may plunge by as much as 50% in the first quarter. — Reuters
SHANGHAI: China's smartphone sales may plunge by as much as 50% in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports.
The virus outbreak, which has killed more than 900 people and roiled China's manufacturing industry, comes as top smartphone vendors such as Huawei had hoped China's 5G rollout plans this year would help the world's biggest smartphone market rebound after years of falling sales.
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