World cumulative shipments of 5G smartphones reached 2 billion items within the fourth quarter of 2023 (This autumn 2023) with Apple and Samsung as the highest performers on this market, a report has mentioned. Analysts attributed this fast progress to improved affordability and accessibility of 5G smartphones.
In response to a report by Counterpoint Analysis, practically 70% of all 5G shipments got here from developed smartphone markets comparable to China, US and Western Europe. Apple and Samsung cumulatively shipped over 1 billion items.
The market analysis agency attributed this pattern to smartphone manufacturers’ heavy promotion of 5G capabilities and options to distinguish themselves in a aggressive market.
“The launch of the primary 5G-capable iPhone 12 collection in 2020 considerably boosted adoption, pushing world shipments above 100 million items for the primary time in a single quarter,” the report mentioned. The momentum continued and the shipments hit a brand new file in This autumn 2023, reaching 200 million items in a single quarter.
Why that is importantThis growth is important as a result of the milestone was achieved in lower than 5 years, a sooner tempo than earlier applied sciences like 4G and 3G. Compared, it took 4G smartphones six years to achieve the identical degree of adoption, the report mentioned.
The narrowing value hole between 5G and 4G chipsets, mixed with strategic element choice by producers, helped keep manufacturing prices.
“Moreover, chipset gamers comparable to MediaTek and Qualcomm have helped smartphone OEMs to supply reasonably priced 5G telephones by launching entry-level 5G chipsets. All this has allowed OEMs, particularly Chinese language manufacturers, to supply a wider 5G smartphone portfolio, notably in mid and mid-to-high segments,” the report famous.
Analysts consider 5G smartphones are well-positioned to penetrate reasonably priced segments in rising markets like India and Southeast Asia, driving the following billion in shipments.
“Developed markets are nearing saturation, with the contribution of 5G smartphones to the whole shipments crossing 80% in 2023 led by the premium phase. Subsequently, main smartphone gamers are introducing 5G functionality as a standard function of their mid-range units whereas introducing it in reasonably priced segments,” the report mentioned.
In response to a report by Counterpoint Analysis, practically 70% of all 5G shipments got here from developed smartphone markets comparable to China, US and Western Europe. Apple and Samsung cumulatively shipped over 1 billion items.
The market analysis agency attributed this pattern to smartphone manufacturers’ heavy promotion of 5G capabilities and options to distinguish themselves in a aggressive market.
“The launch of the primary 5G-capable iPhone 12 collection in 2020 considerably boosted adoption, pushing world shipments above 100 million items for the primary time in a single quarter,” the report mentioned. The momentum continued and the shipments hit a brand new file in This autumn 2023, reaching 200 million items in a single quarter.
Why that is importantThis growth is important as a result of the milestone was achieved in lower than 5 years, a sooner tempo than earlier applied sciences like 4G and 3G. Compared, it took 4G smartphones six years to achieve the identical degree of adoption, the report mentioned.
The narrowing value hole between 5G and 4G chipsets, mixed with strategic element choice by producers, helped keep manufacturing prices.
“Moreover, chipset gamers comparable to MediaTek and Qualcomm have helped smartphone OEMs to supply reasonably priced 5G telephones by launching entry-level 5G chipsets. All this has allowed OEMs, particularly Chinese language manufacturers, to supply a wider 5G smartphone portfolio, notably in mid and mid-to-high segments,” the report famous.
Increase
“Developed markets are nearing saturation, with the contribution of 5G smartphones to the whole shipments crossing 80% in 2023 led by the premium phase. Subsequently, main smartphone gamers are introducing 5G functionality as a standard function of their mid-range units whereas introducing it in reasonably priced segments,” the report mentioned.
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