In the aftermath of the coronavirus outbreak, various smartphone companies have come forward to highlight their concerns about the losses that the industry is facing right now and in the medium term. Recently, Chinese smartphone makers Xiaomi and OPPO and Qualcomm, the leading mobile chipset maker in the world, said that the coronavirus outbreak poses a potential threat to the global smartphone industry in terms of new launches, product shipments and production.
In a conference call with investors, Qualcomm chief financial officer Akash Palkhiwala said that the company expects significant uncertainty around the impact from the coronavirus on handset demand and supply chain. He also highlighted that coronavirus is als
Xiaomi Cancels Launch Event
For instance, Xiaomi India had scheduled a launch event for an upcoming smartphone on March 12, 2020. However, with the risk of coronavirus spreading at the event, the company called it off, and replaced it with an online launch which might not attract enough eyeballs, and hence might hamper sales as well.
o going to impact the manufacturing and sales of smartphones.