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Analysis: How the Coronavirus will affect the technology industry

A research firm has given their predictions on how the coronavirus will affect the technology industry and its products

Jak Connor | Feb 19, 2020 at 01:10 am CST (1 min, 56 secs reading time)

The coronavirus is not only affecting millions of people's lives, but it's also affecting massive industries such as technology is most of its forms.

Analysis: How the Coronavirus will affect the technology industry 01 | TweakTown.com

TrendForce, a research firm have released their predictions for how the coronavirus will affect certain sub-industries of technology. This is, of course, mainly due to how China has closed down its factories in fear of the coronavirus spreading. TrendForce predicts that smartwatches will suffer the most with a forecast of 12.1 million units being shipped compared to the previous 14.4 million -(16%).

The researchers predict that Notebooks will be the next product to take a hit as it's expected that there will be a 12.3% drop in units (30.7 million units from 35 million). The next industry, after that, seems to be smart speakers with the previous forecast sitting at 26.4 million units and now is estimated to at around 23.4 million units (-12.1%). Smartphones are also following close behind with the previous forecast sitting at 35 million, and now sitting at 30.7 million (-12.3%).

On a side note, TrendForce says, "the downstream ODMs and brands in the supply chain are undoubtedly hit the most by the coronavirus outbreak. These companies lost precious working days after work resumption was postponed. After their production is resumed, on a whole, operators' work resumption rate is low. Besides, all types of materials and components are in shortage. Hence, productivity plummets."

In other news about the coronavirus, it recently had it's name changed by the World Health Organization, more on that story here. The coronavirus also has caused the MWC to be cancelled, check out that story here. For anymore news on the coronavirus, check out this link here.

Last updated: Feb 20, 2020 at 06:11 am CST

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Jak Connor

ABOUT THE AUTHOR - Jak Connor

Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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