Yet the demand must be way down, I'd guess demand could be down at least 25% just based on the economy and people buying less stuff, following through to phones and computers.
I realize I'm responding to speculation with anecdotal evidence, but I've seen lots of mentions of people having issues acquiring PC parts and full laptops. A lot of workplaces suddenly needed to purchase a lot of laptops for remote workers. A lot of parents needed to purchase computers for their children who now need to do school remote. A lot of gamers seem to have decided that they might as well build a new PC if they're going to be stuck at home.
How do you figure? A large % of the population is now work from home and seeking to equip their home offices.
We're in the process of moving our entire data center into the cloud before the end of July. I'm anticipating an announcement that our office will not be reopening and that we're all now remote staff.
I have to schedule an appointment to go into the office to retrieve my personal belongings from my desk as well as any equipment I'd like for my home office.
I see conflicting things, increases in work from home for knowledge workers and others, yet vast decrease in spending for people that lost jobs and can't buy a new car, phone, computer, ipad, etc.