Key Takeaways:
Global handset sell-in and sell-through declined
- Annual sell-through dropped 18% for handsets and 14% for smartphones. Handset sell-in shipments dropped slightly more as COVID-19 spread rapidly.
- Most of the drop in February was caused by China and Italy. Most other countries were still showing steady demand.
- There are observations that production from China showed a sharp decline, but this was also due to the Chinese New Year which was expected.
- Sell-in shipments were 108 million units for handsets during February showing a 22% drop compared to last year.
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