Global smartphone shipments may decline 3.1% in 2019

Shanghai: Slashing its forecast for the global smartphone market by over 3 per cent amid the US government’s decision to ban businesses from working with Huawei, market research firm Canalys has said smartphone shipments will reach 1.35 billion units in 2019. This is slightly below 2018’s shipments that touched 1.39 billion. “It is important to note that market uncertainty is clearly prompting vendors to accelerate certain strategies to minimise the short and long-term impact in a challenging business environment, for example, shifting manufacturing to different countries to hedge against the risk of tariffs,” Nicole Peng, VP, Mobility, Canalys, said in a statement. “But with recent US announcements on tariffs on goods from more countries, the industry will be dealing with turmoil for some time.” (IANS)

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