Counterpoint: Smartphone sales in Europe declined 24% YoY in Q2 due to COVID-19

With many companies publishing their results during the second quarter of 2020, Counterpoint Research couldn’t be out of the part. According to the market research company. The European market of smartphones saw a significant decline of 24% from the same period last year in Q2 2020. Moreover, the report reveals a 22% quarter-on-quarter decline in the same period. Of course, it’s easy to understand, since COVID-19 is still here and there affecting our lives. It certainly affected the demand for smartphones in several ways. According to the report, Eastern Europe had shown somewhat an immunity to the pandemic. However, in the second quarter of 2020, we could see a decline of 24% YoY.

According to Peter Richardson, VP of Counterpoint Research:

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“The impact of COVID-19 gathered speed in Europe during April as it was the first full month of lockdowns across almost the entire region, causing a decline of around 45% YoY and 30% MoM. As the lockdowns started to lift across Europe in May, the sales rebounded (+33% MoM). June was equally good, posting a further sequential increase of 34%. Though MoM comparisons look good, the overall scenario for the quarter still shows a 24% YoY decline.”

The lockdown measures imposed by some countries in Europe managed to flatten the curve of COVID-19. However, at the same time, it slowed the smartphone market growth. It could be even worse if it weren’t the e-commerce channels open to keep the smartphone market from flourishing. Even markets that faced an intense lockdown like Italy and Spain managed to sell smartphones thanks to the online retailers. With the easing of the lockdown, restrictions over offline businesses were lifted. This quickly increased the number of smartphones sold in the region.

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Russia was a country that managed to bypass COVID-19 in Q1 2020. However, it became the worst affected European market in Q2 2020 declining 27% YoY for the quarter. When it comes to individual performance for each brand, Samsung managed to keep the lead of the market. Apple managed to keep at bay thanks to the good performers’ iPhone SE 2020 and 11 series, but the company still saw a decline in its sales volume reduced to 14% YoY. Huawei recorded a massive decline of 46% amid US-China trade sanctions. Xiaomi and Oppo, in counterpart, are slowly eating Huawei’s margin. Both companies managed to grow 55% YoY and 41% YoY, respectively, even during the pandemic.

Source/VIA :
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