Weaker-than-expected end-user demand has led the market to predict a 10%-30% decline in smartphone supply chain momentum in Q2 compared to Q1. Smartphone manufacturers have started cutting orders for peripheral components, with 5G components being significantly affected.
In early May, a list of shipment reductions by Chinese smartphone brands circulated in the market: Xiaomi has lowered its annual shipment target from 240 million units to 190 million units (later sources suggested the target was revised to between 200-220 million units), representing a drop of about 25%. Honor revised its target from 50 million units to 35 million units, a reduction of 30%. Realme cut its annual shipment target from 85 million units to 60 million units, a decrease of 29%. OnePlus reduced its target from 20 million units to 12 million units, marking a drop of 40%. Smartphones are currently the largest source of demand for chips; if the smartphone supply chain cools down, it may signal an impending turning point in the chip market.
  $XIAOMI-W (01810.HK)$   $Qualcomm (QCOM.US)$Author: @芯事Reference reading: Daily Chip News | The top 15 global semiconductors for Q1 2021 are out, Huawei HiSilicon forced to exit, Intel the only one with negative growth
The top 15 global semiconductors, the rise of NVIDIA and AMD, Huawei HiSilicon forced to exit