Analyst Pin-board: MWG – 2020 prospects given the Covid-19 outbreak
Smartphone sales definitely are getting impacted. According to Strategy Analytics, global smartphone sales only reached 61.8 mn units in Feb 2020, plummeting 38% compared to 99.2 mn units in Feb 2019, due to Covid-19. The outbreak caused disruption in the supply chain (mainly in China) from Jan 2020 as well as people limiting shopping for smartphone. As for Vietnam, while factories in China are ramping back their operations and MWG’s inventory is secured for sales until at least next June, supply might not be a problem for now. People are staying away from public places to avoid infection and smartphones – a consumer discretionary is not a priority currently.
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