News: Markets
9 October 2020
5G smartphone unit sales surging from 18 million in 2019 to 250 million in 2020
Global 5G smartphone sales are surging by 1282% from 18.2 million units in 2019 to a record 251 million in 2020, estimates the report ‘Global Handset Sales by 88 Countries and 19 Technologies’ from market research firm Strategy Analytics’ Emerging Device Technologies (EDT) service.
“The 5G category is the main engine of smartphone growth today and for the next decade,” reckons associate director Ville-Petteri Ukonaho.
“China and United States are the two largest 5G countries,” notes director Ken Hyers. “Apple iPhone, Huawei and Samsung are the top-three brands that together will capture two-thirds of all 5G smartphone sales globally this year,” he adds.
“The 5G category is the fastest-growing part of the smartphone industry today, but there remain several challenges,” comments associate director Ville-Petteri Ukonaho. “Many 5G smartphone models are too expensive, most 5G carrier networks are incomplete, while multiple waves of coronavirus are causing consumer fatigue in Western markets like the US and Europe,” he notes.
