Pandemic triggers US$14.2 billion revenue loss in European consumer electronics sector
The COVID-19 crisis has reportedly triggered a huge shift in consumer spending, which directly impacted the consumer electronics industry. With reduced incomes in times of economic turmoil, consumers choose to buy necessities such as groceries and household goods and avoid non-essential, big-ticket purchases like LCD TVs and new smartphones. According to data presented by Finaria. asiaplustj.info »