5G smartphone shipments will exceed 2 billion units worldwide in the fourth quarter of 2023

Global shipments of 5G smartphones exceeded 2 billion units in the fourth quarter of 2023. This milestone was achieved within his five years, which was the shortest period when compared to his previous technologies such as 4G and 3G.

Almost 70% of all 5G shipments came from developed smartphone markets, including China, the United States, and Western Europe. According to a press release from global market research firm Counterpoint, major smartphone manufacturers such as Apple and Samsung have emerged as the top brands in 5G smartphones, with cumulative shipments of more than 1 billion units.

The narrowing price gap between 5G and 4G chipsets has also made 5G smartphones more affordable and accessible. Also, component cost reductions by major players such as Qualcomm and MediaTek have enabled manufacturers, especially Chinese brands, to launch entry-level 5G devices, expanding the scope of adoption.

The adoption of 5G smartphones has been accelerated by aggressive promotions by smartphone brands that focus on 5G features and capabilities. The launch of the iPhone 12 series has significantly accelerated the adoption of 5G, with shipments in Q4 202 exceeding 100 million units in a single quarter for the first time. The momentum continues, with shipments reaching a new record in Q4 2023, reaching his 200 millionth shipment. The release says:

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Markets in developed countries are nearing saturation, and the contribution of 5G smartphones to total shipments in 2023 will exceed 80%, led by the premium segment. It became available as consumer awareness and demand for his 5G as a feature in developing countries further increased and carriers further promoted its adoption.

Even in markets where 5G networks are not fully operational, consumers choose 5G smartphones to future-proof their investment. Also, emerging markets such as India and Southeast Asia are expected to drive billions of 5G smartphone shipments in the coming years.