Indian Smartphone Industry May Take $2 Billion Hit From Coronavirus: Report

Bloomberg Quint | Apr 3, 2020 at 3:48 PM
  • The smartphone industry in India could take a $2 billion hit due to the coronavirus pandemic as shipments declined significantly in the months of March and April compared to the previous year.
  • The first quarter of the year had seen smartphone makers struggle on account of component supply being disrupted in China following the coronavirus outbreak.
  • Once the situation returns to normal, one can expect a strong online activity as these channels will look to wooing buyers with offers.