The coronavirus has led to lockdowns all over the world and left many people with less to no income or in fear of a recession. Combine that with closed factories, and you have a recipe for economic impacts rippling through all industries. The smartphone market is not immune to these effects, either, and worldwide shipments have fallen by 13% year-over-year (YOY) due to coronavirus. Companies moved only 272 million units in Q1 2020, which is the lowest level since 2013.

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