Consumer Confidence Will Drop, and Network Will Cope
The global pandemic that started with the outbreak of the COVID-19 virus has created a massive impact on stock markets and the financial performance of even the largest global companies and caused consumers great concern. As a result, consumers are limiting their spending, which is now affecting smartphone sales. ABI Research expects that handset sales may drop by 30% Year-on-Year (YOY) in the first half of 2020, meaning that the smartphone supply chain will likely be seriously affected. This will likely have a cascading effect in the telecoms market, where giants like Apple, Huawei, and Samsung will see revenues stagnating, at least in the first half of the year.
On the other hand, consumer telecom networks are currently coping under the increased stress of most employees working from home. To underline this, operators around the world have shared statistics that follow an almost uniform composition: fixed broadband traffic is increasing (some cases by more than 50% daily), WiFi calling is also increasing (sometimes as high as 80% daily), and so are mobile calls…
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