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China’s Smart Phone Shipments to Decline 7.9% Y/Y in Q320
August 02, 2020

​DigiTimes forecasted 7.9% Y/Y  and 10.4% sequential decline in China’s smartphone shipments after 2Q sequential gains, citing a lower level of component pull-ins and the reduced effects of stimulus. The decline likely also includes the expected delay in iPhone 12 release.  China is ahead of Europe, the US and South America on their recovery process and would therefore work down the stimulus effects earlier than others. This is just one early data point, but it does point in a direction that supports the inventory building and panel price increases that have started to appear. 
 


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