Highlights of the day: Global smartphone market faces 15% decline in 2020
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.
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