News Snapshot:
New Delhi: Owing to local coronavirus-induced lockdowns, top Chinese handset makers Vivo, Xiaomi and Oppo have slashed their orders to suppliers by almost 20 per cent from earlier plans. The reduced orders to suppliers of smartphone OEMs are also due to the dipping consumer confidence and severely disrupted supply chains, the media has reported. According to a report published in Nikkei Asia citing sources, smartphone OEM Xiaomi has told suppliers that it will lower its full-year forecast to around 160 million to 180 million units from its previous target of 200 million. Xiaomi's rivals and other Chinese handset makers Vivo...
