The leading mobile phone producers — Apple and Samsung — were frightened by the market for disappointing sales data. According to experts, it is an indicator of an approaching economic crisis, reports the BBC.

The American company Apple has adjusted the worse your sales forecast for the first time in 15 years. South Korea’s Samsung Electronics also warned about the reduction of the results, adding that the situation can improve until the spring. This was the first time in nearly 5 years. Interestingly, Samsung additionally suffers from problems in Apple, because the Koreans put the company displays and chips.

Experts believe that the main reason for the reduction of demand from China whose economy is slowing down because of the trade war with the United States. However, the situation played into the hands of local producers of mobile phones, including Huawei and Xiaomi, which are becoming increasingly popular on the Russian market.

“The crisis of 1998 called Asian, 2008 — global. And the next is likely to be Chinese, the economist, associate Professor of Ranepa Sergey hestanov. For commodity exporters, including Russia, it will be especially sad. However, the Russian budget surplus, substantial reserves, moderate debt. So isotonically the devaluation will help us out for a long time”.

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