China appears to be a candidate to be the first country to recover from the coronavirus epidemic; not only from the health point of view, but also from the technological one. According to a new report, it will also be the first country to rise from the smartphone market point of view.
Earnings reports, stock quotes and analyst reports all row in the same direction: smartphone sales in China are again on the rise, with COVID-19 cases declining in parallel. Global demand for chips used in home work networks is also still growing, with Asian technology companies slowly but steadily recovering slowly.
Taking a look at the market, the shares of Samsung, a manufacturer of smartphones and TVs, increased by 2% on Tuesday, while the Foxconn stock increased by 1.4%. LG Electronics' shares are up nearly 7 percentage points. Obviously, not all growth can be attributed to smartphone demand. Samsung in particular is benefiting the most from data center chip sales. As the work from home increased, the demand for cloud services increases, as does the demand for memory chips.
But with the reopening of stores in China, as Reuters also reports, including all the Apple Stores in the country, and with the arrival on the market of 5G terminals, it is believed that there may be optimism among companies, with positive forecasts for the Chinese market , which may be the first to restart smartphone sales.
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