COVID-19 is still changing the dynamics for businesses worldwide. A few sectors are having it better than before, having found new ways of attracting customers or clients that were not easily accessible to them in the past.
A recent report made known by a research firm known as Industry Growth Insights (IGI) revealed that smartphone makers are having to grapple with new challenges thrust on them by the pandemic. The report based its findings on popular devices such as Samsung, Huawei, LG, Lenovo, Xiaomi, Nokia, Google, Panasonic, ZTE, and a host of others.
The latest report can help new business entrants and industry leaders and enterprises to identify lucrative opportunities or lead them to make good business plans for raising performance and efficiency.
The report also states where we are in terms of supply and demand of smartphones. Equally important is the understanding of trends and challenges or threats faced by players in this business arena, especially in 2020.
Also, during this pandemic period, some of the players in the smartphone markets have seen restrains because the supply and demand culture has not been the same. This is impacting the growth possibility for the smartphone market. However, the latest innovations are also changing market dynamics for the better.
The report also sheds light on what leaders can do to stay on top of the game. It also provides all essential constituents of the smartphone market, including revenue increase, pricing and analysis, and guidelines for winning against multiple odds. Issues like mergers and acquisitions, partnerships, and collaborations are also dealt with in the report. Those collaborations or partnerships that created positive outcomes or brought up more business challenges were also highlighted.
In addition, it reveals who the top players are: Apple, Samsung, Huawei, Oppo, Vivo, Xiaomi, Lenovo, LG Electronics, Sony, ZTE, ASUS, BlackBerry, Gionee Communication Equipment, Google. Micromax, Microsoft, Nokia, OnePlus, and Panasonic.
News and updates from these companies were used to reach favorable conclusions or other pertinent issues regarding the smartphone market.