HMD's Nokia smartphones suffer large drop in shipments as market sees largest decline yet

For the first time since early 2014 smartphone makers shipped less than 300 million units in a quarter. This is a sharp 13% drop compared to the shipments of Q1 last year. The analysts at Counterpoint Research note that China was hit hard both in terms of smartphones (down 27% year on year) and smartphone components. This may lead some makers to diversify their supply chains, shifting larger parts to India and Vietnam. The analysts predict a change in consumer behavior - even after the lock-downs are lifted (which will be done gradually), people will prefer more affordable devices bought...