World cumulative shipments of 5G smartphones reached 2 billion models within the fourth quarter of 2023 (This fall 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.
Based on a report by Counterpoint Analysis, practically 70% of all 5G shipments got here from developed smartphone markets equivalent to China, US and Western Europe.Apple and Samsung cumulatively shipped over 1 billion models.
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 sequence in 2020 considerably boosted adoption, pushing international shipments above 100 million models for the primary time in a single quarter,” the report mentioned. The momentum continued and the shipments hit a brand new file in This fall 2023, reaching 200 million models in a single quarter.
Why that is vital
This improvement is critical as a result of the milestone was achieved in lower than 5 years, a quicker tempo than earlier applied sciences like 4G and 3G. Compared, it took 4G smartphones six years to succeed in the identical degree of adoption, the report mentioned.
The narrowing worth hole between 5G and 4G chipsets, mixed with strategic part choice by producers, helped keep manufacturing prices.
“In addition to, chipset gamers equivalent 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, significantly 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 subsequent billion in shipments.
“Developed markets are nearing saturation, with the contribution of 5G smartphones to the full shipments crossing 80% in 2023 led by the premium phase. Subsequently, main smartphone gamers are introducing 5G functionality as a typical characteristic of their mid-range units whereas introducing it in reasonably priced segments,” the report mentioned.
Based on a report by Counterpoint Analysis, practically 70% of all 5G shipments got here from developed smartphone markets equivalent to China, US and Western Europe.Apple and Samsung cumulatively shipped over 1 billion models.
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 sequence in 2020 considerably boosted adoption, pushing international shipments above 100 million models for the primary time in a single quarter,” the report mentioned. The momentum continued and the shipments hit a brand new file in This fall 2023, reaching 200 million models in a single quarter.
Why that is vital
This improvement is critical as a result of the milestone was achieved in lower than 5 years, a quicker tempo than earlier applied sciences like 4G and 3G. Compared, it took 4G smartphones six years to succeed in the identical degree of adoption, the report mentioned.
The narrowing worth hole between 5G and 4G chipsets, mixed with strategic part choice by producers, helped keep manufacturing prices.
“In addition to, chipset gamers equivalent 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, significantly 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 subsequent billion in shipments.
“Developed markets are nearing saturation, with the contribution of 5G smartphones to the full shipments crossing 80% in 2023 led by the premium phase. Subsequently, main smartphone gamers are introducing 5G functionality as a typical characteristic of their mid-range units whereas introducing it in reasonably priced segments,” the report mentioned.
