PC, Smartphones Could Take 30% Q1 Hit From Sales Falloff Due to Coronavirus, Says IDC
The coronavirus outbreak will have “a greater impact on the overall economy than the SARS outbreak in 2003,” said IDC Tuesday. The research firm expects “significant impact” on the information and communication technology (ICT) market in Q1 vs. the overall…
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Chinese economy, “and its impact on hardware and consumers will be greater compared to software and businesses." The top five industries significantly affected by the outbreak are hospitality and food services, tourism, wholesale and retail, transportation and manufacturing. The digital economy enabled by ICT accounted for 37.8% of China's economy in 2019, IDC analyst Kitty Fok. As a result of the outbreak, IDC expects the ICT market to fall a record 10% in Q1, with at least a 30% drop for PC and smartphone sales and more than a 15% fall for server, network and storage sales. Artificial intelligence and big data will be affected as well but will continue to grow, while emerging technologies such as IoT and security will experience minimal declines, said Fok.