Smartphone production may fall 40% in India in H1 2020

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New Delhi, March 26 | Revising its estimates amid the novel coronavirus pandemic, a new report said on Thursday that smartphone production in India is likely to tumble by 38-40 per cent in the first half (H1) of this year.

The prospects for H2 2020, however, are brighter with shipments likely to rise 15 per cent year-on-year, thus, raising the industry spirits, said the report from CyberMedia Research (CMR)

“Our current India smartphone market assessment points to a bleak picture, with some promise in H2. We anticipate a significant drop of around 20 per cent YoY in smartphone shipments in Q1,” Prabhu Ram, Head-Industry Intelligence Group, CMR, said in a statement.

“There will be a full-blown impact in Q2 2020, with a sharp decline of around 28 per cent YoY,” Ram added.

Both supply and demand have been hit and while the OEMs could tide over the initial wave of coronavirus crisis in January and February with adequate component supplies, the closure of smartphone factories in India has dented recovery prospects for H1.

Samsung, Apple, Xiaomi, Vivo, Oppo, Realme and others have temporarily shut production in India amid the 21-day nationwide lockdown.

On the demand side, with the coronavirus scare, offline channels are massively impacted with sales down by 55-60 per cent.

“If one were to go by China’s experience, the online channels made-up for the deficit, incurred in offline channels. However, in the Indian context, with the initial 21-day lockdown in force, we are now looking at a rather uncertain future.

“That said, we believe online has the potential to pick-up in terms of sales during mid- to late- Q2 and beyond,” said Amit Sharma, Manager-Research, CMR.

For smartphone brands, the coronavirus pandemic will cause them to reflect, and realign their market strategies.

“In H2, the smartphone market will recover, and perform better in the run-up to festive season and beyond. The pent-up consumer demand will be high, and with the right messaging from smartphone brands, consumers would seek to upgrade their value for money, and premium smartphones,” Ram noted.

Source: IANS

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Covid-19 Lockdown : Greenwood High International School comes forward to help the needy

Covid-19 Lockdown : Greenwood High International School comes forward to help the needy

Bangalore, April 02, 2020 : The nationwide lockdown to combat Coronavirus outbreak in the country has led to severe difficulties for the poor and homeless people. In an effort to help the needy, Greenwood High International School, has come forward to do their bit to the cause. The school have undertaken the initiative to prepare food for 300 underprivileged families every day and distribute  in and around Sarjapur area with the help of Sarjapur police station. This would be a continuous support from the school authority towards the needy people until the lockdown ends. While distributing the food, the school authority also followed the social distancing norms and ensured that necessary precautionary measures like masks and gloves were used in the entire process to provide clean and hygienic food to the people.

Speaking on this initiative, Ms. Niru Agarwal, Trustee, Greenwood High said: “As much as we believe in inculcating the values of benevolence and philanthropy among our students, we practise these ourselves too. Greenwood High has always been compassionate to help those in need and we continue to do so. We are mindful of contributing to the society in multiple ways and are proud to leverage our sources towards such an important cause. Several NGOs, individuals and businesses are pitching in to help the citizens and government through various initiatives with the hope that humanity would survive these dreadful times of coronavirus onslaught. We believe that only by active collaboration between all the members of the society, we will be able to overcome the impact of this pandemic.”

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