Lenovo-Motorola total global smartphone shipments collapsed -39% YoY and wholesale revenues slumped by half in Q1 2020.

As a result, the firm dropped to number eight in the ranking of the largest smartphone makers and global smartphone marketshare shrank to 2%, the lowest since the merger between Lenovo and Motorola back in October 2014.

On the supply side, the company’s bottom line in Q1 2020 was hurt by the temporary closure of its main smartphone production factory based in Wuhan, the epicentre of the COVID-19 pandemic.

On the demand-side, COVID-19 will likely have a much more long-lasting and damaging effect for Lenovo-Motorola in the future. The firm sells more than HALF of all of its smartphones only in two countries -- Brazil and US. They are exactly the top-two countries with the highest absolute number of COVID-19 cases, accounting together for more than a third of all infections globally.

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