How Big Brands Are Being Affected post Covid
The coronavirus doesn’t take into account a company's size or previous successes, it just affects everyone and everything in its way. No more so is this evident than in relation to the smartphone industry. Even the biggest firms in the world such as Apple, Samsung and Huawei have been impacted to a dramatic extent.
For digital marketing services, contact Business Catalyst
As evidence of this, the pandemic has caused the smartphone market to suffer its fastest ever decline over the first quarter of this year, according to new data. It illustrates that the overall drop in global shipments was 13%, though the drop in China alone may have even been as high as 27%, seeing as that was where the virus originated, as well as where a large proportion of smartphone factories are located.
Also read: Why Website Indexation Is Important
However, the true impact of the pandemic may yet to have been fully realized. Many smartphone companies expect the following quarter to represent the stage where the full force of the coronavirus’ impact will be felt, a feeling shared by many global brands in many different sectors.
Although it might seem like a disastrous time for all involved or that planning for the future is futile due to the ever-changing nature of the world, there are still some things that all brands and companies can learn from and implement to put themselves in the best possible position to grow, both during and after a crisis of this severity.
For digital marketing services, contact Business Catalyst
Comments
Post a Comment