NewsCoronavirus the COVID-19: cancellations, delays and price increases in...

Coronavirus the COVID-19: cancellations, delays and price increases in the technology industry

-

The Coronavirus outbreak is spreading all over the world and scares governments and companies who take the requisite measures to prevent its spread. This medical and social issue is not without implications for the Tech world which is suffering from this disease as well.

The Coronavirus (or COVID-19) is already on everybody’s mind, and for good reason: the virus has already killed several thousand people worldwide and is starting to spread all over the globe. 

Despite a mortality rate of about 3 percent, no vaccine or wonder cure, and rapid spread, the Coronavirus is alarming and often calling for drastic action. Outcome? All business sectors are affected, including the world of Tech.

Travel is restricted, production chains are reduced or even closed temporarily, containment measures are introduced … The very definition of globalization reveals its limits here, with many limitations impacting even undertakings not actually directly impacted by the epidemic.

Some have also immediately allowed their workers to operate remotely from home to prevent as much as possible physical contact and thereby potential contagions.

Let’s take stock of the various impacts Coronavirus has had on the Tech world.

Coronavirus the COVID-19: cancellations, delays and price increases in the technology industry

CANCELLED DUE TO CORONAVIRUS: FAIRS and CONFERENCES

In order to prevent needless pollution, it is better not to fly abroad but also to prevent too large gatherings. These two things, you’ll realize, are the main elements of a successful product launch or any conference.

Many Tech conferences, in effect, have been canceled, and it is not over. The MWC 2020, which was the first officially affected on such a large scale, is definitely one of the most emblematic.

It also disintegrated in tiny touches, the exhibitors canceling their arrival before the GSMA, the organization that organized the series, ended up totally canceling what looked like a ghost congress already.

However, brands quickly rebounded and many still held their conferences thanks to the magic of streaming on the internet, producing some distracting scenes at the same time, such as the blanks left by Mitsuya Kishida (Sony) to respond to an audience that doesn’t exist or even the echo of Richard Yu’s (Huawei) announcements in a room that’s supposed to be completely empty. Still, there are advertising And some even arranged local events to give the press leverage over the products.

After that, the cancellations continued. Here is a list of events canceled due to Coronavirus:

  • Adobe summit
  • Apple event in March?
  • Computex (postponed to September)
  • Dell Technologies World
  • Disney + (launch in Europe)
  • E3 2020
  • EmTech Asia
  • Facebook F8
  • Facebook Global Marketing Summit
  • Game Developers Conference
  • Google I / O
  • Google News Initiative Global Summit
  • Google Next Cloud
  • Huawei P40 (presentation in Paris)
  • IBM Think
  • Microsoft Build
  • Microsoft MVP Summit
  • MWC 2020
  • NAB
  • Nvidia GTC
  • Geneva International Motor Show
  • SXSW
  • Workday Sales Kickoff

Even the physical groupings are canceled for some of those conferences, replaced by live broadcasts. Apple has yet to talk about its WWDC that is usually in June.

Other product presentations, besides these major fairs, are also canceled, postponed or transformed into online reruns. Hence, most of the year’s preparation may be delayed, including the New York auto show, which normally takes place in April and is delayed to August.

DELAYS AND RESULTS FINANCIAL TO HALF MAST

Many Tech companies have been affected by the Coronavirus for their announcements but also for their production, we imagine. For example, some brands have canceled their launches altogether, postponing them until further notice. Therefore we are without news of certain products which we could expect at the beginning of the year.

The reason for this is simple: most production plants are located in China (country of Coronavirus appearance) and are completely or partially closed. Therefore, in the absence of reliable visibility on the stocks available in the short and medium-term, some prefer waiting before announcing any product.

Even though production is often relocated to another country (especially in Vietnam) the devices expected this spring is likely to be delayed or in very limited stocks. For example, Samsung and LG have been forced to close factories in South Korea, which will, among other things, affect the production of the Galaxy S20 and Z Flip.

However, it would appear that the manufacturer is managing to maintain all of its pre-orders, except for those related to the Samsung Galaxy S20 Ultra 512 Go.

We can cite in a non-exhaustive manner among the devices expected at the beginning of the year and which could be affected by the coronavirus:

  • iPhone 9
  • the OnePlus 8
  • the Google Pixel 4a
  • Xiaomi Mi 10  (still not announced in Europe)

The video games world, too, is affected. While the Switch sales are slowing, some developers announce postponements for health reasons for their games. In Model 3 deliveries, Tesla also announced delays. In short, there’s no sector to spare.

There are several consequences for those cascading delays and cancellations. If we forget the little Timmy who will not have his birthday present in due time, businesses, they are already provident in warning investors not to expect exceptional results over the period.

If the COVID-19 epidemic were to continue, it could also postpone or question certain launches at the end of the year. We’re thinking in particular of the iPhone 12, the Google Pixel 5, or Sony and Microsoft’s future game consoles, the PS5 and the Xbox Series X, which were originally expected to end the year.

CORONAVIRUS MAY RAISE PRICES

Of course, you know the supply and demand principle. Some stores have closed (Apple, Samsung, Google, and even Microsoft have closed down their stores in China) and there are limited production chains. There’s no longer any doubt that production will be limited even for the successful products and so will the stocks.

So we can expect this to affect pricing policies. For example, a Samsung Galaxy S20 could decode much faster than usual, while some volatile price components may see their prices rising to unprecedented heights. Especially memory and graphics cards suffer a lot from variations in the market. If you were hoping to build a PC in the near future, your budget might need to be reconsidered.

Waiting for the new generation of graphics cards could already save you from having to postpone your purchase by planning storage space now.

THE SIDE EFFECTS 

Finally, remember that malicious minds are always there to enjoy an exceptional event. While the game developer Plague Inc. felt compelled to point out that his game was not a scientific study of virus spread, others took advantage of the climate of fear to spread malware.

However, this global test brought up a couple of solidarity bursts, including from companies. For example, Free has considerably increased its plan’s data to 2 euros to allow everyone to easily follow the news and stay connected to the world. Companies offering teleworking tools, such as Microsoft or Google, also offer the costs of using their software for a temporary period by this, non-compulsory professional gatherings are reduced.

The Coronavirus has taken on a scale, as you can see, that affects absolutely every sector. And in a world where Tech is at the core of almost everything, it is clear that in many ways the year 2020 will be turned upside down. And yet, it’s far from over …

Hamza
Hamzahttps://nupgrade.com/
I am a web developer, and digital marketer I love programming, and technologies, always looking for new technologies and new challenges.

3 Comments

Comments are closed.

Latest Articls

“Unveiling the Webhostingpad Review: Exploring an Average Host with Its Share of Drawbacks – A Closer Look”

"Read our in-depth WebHostingPad review and delve into the exploration of an average hosting provider, dissecting its drawbacks. Gain...

Sendinblue Empowering Your Business with Effective Email Marketing Solutions”

You. Hey, this is james, and in this article I want to do a sendinblue review for you guys....

Self Cloud Pro Review 2023 ⚠️ The Ultimate Best Cloud Storage Solution

Self Cloud Pro is a great tool for managing your Cloud Storage and File Storage. The program is easy...

Best Backlink Maker Review Software Backlinks 2023

Hey, it's James here, and welcome to our blog for backlink maker review.What I want to do is...

Windows PIN and password: What is the difference, and Which is more secure?

What is the difference between the Windows account PIN and password?Which is more secure: Windows PIN or password? Check now...

How to see which are the most played songs on TikTok?

How to see which are the most played songs on TikTok?TikTok has become a popular video and music platform. so...

Must Popular

Best off-road GPS apps for android and ios IOS in 2021

Best off-road GPS apps for android and ios iPhone in 2021, best off tail map apps for all platforms and devices phone, iPad, Tablets, laptops…

What is a USB Type-B cable and what is it for? here is what y should know!

If you are looking for, need to buy or even have the curiosity to know what is the USB Type-B cable and what is it for, here you can check these answers.

How To Use “Freeze Frame” effect on TikTok

Step by step to make the "freeze frame" effect on Tik Tok

SCAM: Cicret Bracelet projects 2021 Update

Cicret Bracelet is a wearable bracelet that has a pico projector that projects your smartphone on your skin..., at least that was in the advertising video but is that true or just a scam

Minimum requirements to run Minecraft on PC in 2021

See the minimum and recommended requirements to run Minecraft in 2021 Minecraft on your computer; The most successful game among the new galley.

how to connect ps4 controller to pc: super easy ways

If you love playing games on your PS4 and want the same DualShock controller...

ASUS ZenWiFi AX XT8 Review: The Real Power of Wi-Fi 6

ASUS ZenWiFi AX XT8 Review: The Real Power of Wi-Fi 6ASUS ZenWiFi AX XT8...

Acer KG241Q 144Hz Monitor Review

One of the most requested reviews here at NUpgrade is finally coming out of...

18 TB Capacity HDD from Western Digital

18 TB Capacity HDD from Western DigitalWestern Digital is preparing to add 16 and...

Nvidia Creates Low-cost Open Source Ventilator to Help COVID-19 Patients

Bill Dally, the chief scientist at Nvidia developed a low-cost open-source ventilator, which can...

Best wireless headphones under 50$ [2019 black Friday deals]

top picks for the best wireless headphones under 50$ to get the most of the black Friday 2019

Galaxy Z flip no ordinary smartphone with free access to Youtube premium

“Galaxy Z flip,” Samsung says “this is no ordinary smartphone, It changes everything...

What is Spatial Audio and how does it work?

What is Spatial Audio and how does it work?Spatial Audio is an audio technology...

the 16 best games of the MS-DOS era: play now in the browser for free

the best games of the MS-DOS eraGauntlet (Atari, 1988)Civilization (MicroProse, 1991)Loom (Lucasfilm Games, 1990)Arkanoid...

The 10 best movies on Netflix, according to IMDb rating

Not sure about what movie to watch? Discover the top ten of The best...

You might also likeRELATED
Recommended to you