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European smartphone market to contract by over a quarter this year - IDC

2020-04-16 10:28:00| Telecompaper Headlines

(Telecompaper) The value of the European smartphone market could as much as halve this year due to the economic recession, according to the latest estimates from IDC. Its most pessimistic estimate of the impact of the Covid-19 crisis is a 47 percent fall in the value of the market, while the most probable scenario is a 27 percent drop, the market researcher said. In November 2019 it was still forecasting growth of 2.7 percent this year. 

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