There has been an increase in the demand for headsets worldwide during the first quarter of 2020. In fact, the overall headset market has grown by 22% when compared to the first quarter of 2019. This is equivalent to an amount of 7.2 billion US dollars.
The leading headset manufacturers have received positive results by catering to the needs of customers during the first quarter. However, there is still a delay in the offering of new products coming into the market. We will be able to see the negative consequences of this during the second quarter. It will create a massive impact on the supply-demand chain.
Productions in China came into a halt in February due to the virus. However, the manufacturers have now started their production lines, and we will be able to expect a delay in the second quarter of 2020.
According to analysts, the leading headset brands would lower their prices in the next quarter to keep up their businesses stable with declining revenues.