With virtually all of China shutdown and under quarantine due to the coronavirus, the Chinese IT hardware market will suffer a temporary but significant impact in the first quarter due to demand not being met. While foreign impact is not certain, it does have the potential to spill over into other markets.
IDC now predicts the total 2020 server growth rate will be reduced from original growth projections of 12.4% to 7.4%, and Q1 sales will drop 15% from the same time period last year instead of the original projection of 16.5% growth.
Storage 2020 growth rate will be reduced from 12.5% to 7.3% and Q1 will be down 20% instead of the original projection of 16.6% growth over Q1 2019. The 2020 networking growth rate has been reduced from the original 6.2% to 3.0%.
Thanks to Andy Patrizio (see source)