The global smartphone market stands little chance of seeong a recovery in the second quarter of 2020 as the impacts of the coronavirus persist. Even Apple reportedly has cut its iPhone 11 orders for the second and third quarters of the year, with global smartphone shipments likely to drop 15% in 2020. In the IT market, Western Digitial is raising prices for its enterprise HDDs amid tight supply, as a result of strong demand and extended lead time at its pandemic-impacted production lines.
Global smartphone shipments to dip to 1.15 billion units in 2020: Global smartphone shipments are expected to contract by 15% on year to 1.15 billion units in 2020, as major brands including Samsung Electronics, Huawei and Apple all have slashed their shipment targets for the year in the wake of coronavirus pandemic, according to the latest estimate of Digitimes Research.
Western Digital raising enterprise HDD prices: Western Digital reportedly is raising its prices for enterprise-use HDDs to reflect increased costs from production and logistics with mainstream products expected to see more than 10% increases, according to sources from the upstream supply chain.