Global 5G Smartphone Shipment Crosses 2 Billion Units Over 2023 – News18

Last Updated: February 24, 2024, 11:00 IST

5G phones sales have picked up much faster than 4G and 3G

5G telephones gross sales have picked up a lot quicker than 4G and 3G

Global 5G demand has picked up rapidly which suggests the cargo of units has been greater than what 4G telephones had earlier.

Global cumulative shipments of 5G smartphones surpassed 2 billion items within the fourth quarter (This autumn) of 2023, with Apple and Samsung topping the checklist, a brand new report mentioned on Friday.

According to Counterpoint Research, this was achieved in lower than 5 years, the shortest interval when in comparison with earlier applied sciences like 4G or 3G. It took 4G smartphones six years to achieve this mark.

“The affordability and accessibility of 5G smartphones have improved due to the narrowing price gap between 5G and 4G chipsets, along with strategic component selection by OEMs (original equipment manufacturer) to maintain the bill of materials (BOM) cost,” the analysts mentioned.

About 70 per cent of all 5G shipments got here from developed smartphone markets corresponding to China, the US and Western Europe. Apple and Samsung shipped greater than 1 billion items cumulatively.

According to the report, smartphone manufacturers have closely promoted 5G capabilities and options whereas differentiating their choices in a extremely aggressive market.

The launch of the iPhone 12 collection, the primary 5G-capable iPhones, considerably accelerated 5G adoption, taking international 5G shipments to above 100 million items in a single quarter for the primary time in This autumn 2020. The momentum continued and the shipments hit a brand new document in This autumn 2023, reaching 200 million items in a single quarter.

As defined by analysts, 5G smartphones are outfitted with all the mandatory parts to penetrate the reasonably priced segments of rising markets. Therefore, rising markets like India and Southeast Asia will drive the momentum for the subsequent billion of 5G smartphone shipments.

(This story has been edited by News18 workers and is printed from a syndicated news company feed – IANS)

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