One in three smartphone users will cut their spending on their next device by a fifth or more, the technology analyst firm Counterpoint Research says, adding that this was due to the reduction in economic activity across the globe due to the COVID-19 pandemic.
The global market for refurbished smartphones in 2019 fell by 1% year-on-year to about 137 million units, the technology analyst firm Counterpoint Research says, adding that a 1% increase in the second half of the year was not enough to offset a decline in the first half.
Huawei has taken the biggest hit to its smartphone sales in Europe among the top vendors, probably due to the sanctions placed on it by the US, the technology analyst firm Counterpoint Research says.
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Neoliberal thinking. Everything has to make a profit.
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