Smartphones rank high on the list of ground-breaking technologies in the world. Although there was already the telephone before the mobile phone was invented, the mobility and convenience it presented were outstanding. Despite fluctuating economic conditions, the sale of Smartphones continue to flourish. But recently, it has suffered a setback with the spread of the Coronavirus.
According to reports by the International Data Corporation (IDC), the shipment of Smartphones across the world in 2020 is very low. In the first quarter of the year, numbers emerging from sales are not encouraging following challenges experienced due to the spread of the virus.
Factory workers who would ordinarily be on the ground at the various factories carrying out production works are not readily available as they face fears of coming out of their homes. In some places, these workers are under movement restrictions as part of efforts being made by the government to contain the spread of the Coronavirus.
The IDC predicts that the loss suffered in the first quarter of the year amounts to 10.6% Year-over-Year (YOY). In an optimistic light, the institution predicts that the market is likely to rise in the second quarter of the year after the virus is expected to have been successfully eradicated.
The Coronavirus which is fast becoming a pandemic has hit economies around the world, creating fears of severe impacts. The Chinese economy is the worst hit as businesses and investors are skeptical about doing business in the Asian region due to fears of losing out.
Nigeria joined the list of countries with reported cases of Coronavirus as the government of Lagos State announced a confirmed case on Friday, February 28, 2020. The announcement is already causing panic not just in Lagos but across the country. However, the government has assured the masses of its preparedness to contain the virus.
It is important to note that Nigeria successfully contained Ebola when it broke out in 2014.