"Despite the fact that the electronics affected by the crisis has been the least affected by mobile phones since 2018. Local macroeconomic factors were combined with the global situation of the industry itself, making it impossible for last year's data to be finally positive," said a specialist consultant. Enrique Carrier.
At the local level, macro started after the middle of the year, following the devaluation process that started in the second quarter and will become visible in the middle of the year. And its direct and indirect impact would mean the rest of 2018 and will continue to do so at the beginning of the current year.
According to the expert, the rise in the price of peso imported products and the loss of purchasing power of wages led to a downturn that was felt in all areas, including the smart phone industry.