According to data presented by StockApps.com, the global mobile phone industry is forecasted to lose $51.1billion in revenue by the end of 2020, a 10 percent drop year-over-year. But is Covid-19 the only reason for the forecasted loss? And how can the mobile phone industry bounce back from this setback? Kiranjeet Kaur, Senior Research Manager, Client Devices, IDC Asia/Pacific shares more.

<p>According to data presented by StockApps.com, the global mobile phone industry is forecasted to lose $51.1billion in revenue by the end of 2020, a 10 percent drop year-over-year. But is Covid-19 the only reason for the forecasted loss?&nbsp;And how can the mobile phone industry bounce back from this setback?&nbsp;<strong>Kiranjeet Kaur, Senior Research Manager, Client Devices, IDC Asia/Pacific&nbsp;</strong>shares more.</p>

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