The latest research report released by Strategy Analytics points out that by 2020, the global sales of 5G smartphones will surge by 1300% to a record 250 million units. Apple iPhone, Huawei, and Samsung are driving the growth of the 5G smartphone market this year.
Ville-Petteri Ukonaho, Deputy Director of Strategy Analytics, said: “We predict that global 5G smartphone sales will surge 1300% from 18 million in 2019 to a record 250 million in 2020. The 5G market segment is the main engine for the growth of the smartphone market now, as well as in the next decade. “
Ken Hyers, Director of Strategy Analytics, added: “In 2020, 250 million 5G smartphones will be sold worldwide. China and the United States are the two largest 5G markets. Apple iPhone, Huawei, and Samsung are the top three brands, accounting for two-thirds of global 5G smartphone sales this year. “
Ville-Petteri Ukonaho, Deputy Director of Strategy Analytics, added: “The 5G segment is the fastest-growing segment of the smartphone industry today, but there are still some challenges. Many 5G smartphone models are too expensive, most 5G operator networks are incomplete. And wave after wave of COVID-19 is causing weak consumption in Western markets such as the United States and Europe. “