"Although electronics were less affected by the crisis, mobile phones did not come out unharmed after 2018. Factors of the local macroeconomy were combined with the overall situation of the industry itself, so it became impossible for last year's data to finally positive, "said Enrique Carrier, an industry consultant.
At the local level, in the middle of the year, the macro began to suffer, after a process of devaluation that began in the second quarter and would become evident in the middle of the year. And its direct and indirect impact would mean the remainder of 2018 and will continue to do so early this year.
According to the expert, the high prices of imported goods and the loss of purchasing power of wages have led to a recession that has been felt in all areas, including in the smartphone sector.