According to the report, cumulative worldwide shipments of 5G smartphones will reach 2 billion units in the fourth quarter of 2023 (Q4 2023), with Apple and Samsung leading the way in this market. Analysts attribute this rapid growth to the increasing affordability and accessibility of 5G smartphones.
According to a report by Counterpoint Research, nearly 70% of all 5G shipments will come from developed smartphone markets such as China, the United States, and Western Europe. Apple and Samsung have shipped over 1 billion units.
The market research firm analyzed that this trend is due to smartphone brands heavily promoting 5G functions and features in order to differentiate themselves in the competitive market.
“The launch of the first 5G-enabled iPhone 12 series in 2020 significantly increased adoption, with global shipments exceeding 100 million units in a single quarter for the first time,” the report said. The momentum continues, with shipments reaching a new record in Q4 2023, reaching 200 million units in a single quarter.
Why is this important?This development is significant because this milestone was achieved in less than five years, faster than previous technologies such as 4G and 3G. In comparison, 4G smartphones took six years to reach the same level of adoption, the report said.
Narrowing price differentials between 5G and 4G chipsets and strategic component selection by manufacturers helped maintain production costs.
“Additionally, chipset players such as MediaTek and Qualcomm have helped smartphone OEMs offer affordable 5G phones by launching entry-level 5G chipsets. “Chinese brands in particular are now able to offer a broader portfolio of 5G smartphones, especially in the mid-range and mid-luxury segments,” the report said.
Analysts believe that 5G smartphones are well-positioned to penetrate the affordable segment in emerging markets such as India and Southeast Asia and drive future shipments.
“Developed markets are nearing saturation, with the contribution of 5G smartphones to total shipments exceeding 80% in 2023, led by the premium segment. Therefore, major smartphone players are making 5G features a common feature in mid-range devices. as well as in the affordable segment,” the report said.
According to a report by Counterpoint Research, nearly 70% of all 5G shipments will come from developed smartphone markets such as China, the United States, and Western Europe. Apple and Samsung have shipped over 1 billion units.
The market research firm analyzed that this trend is due to smartphone brands heavily promoting 5G functions and features in order to differentiate themselves in the competitive market.
“The launch of the first 5G-enabled iPhone 12 series in 2020 significantly increased adoption, with global shipments exceeding 100 million units in a single quarter for the first time,” the report said. The momentum continues, with shipments reaching a new record in Q4 2023, reaching 200 million units in a single quarter.
Why is this important?This development is significant because this milestone was achieved in less than five years, faster than previous technologies such as 4G and 3G. In comparison, 4G smartphones took six years to reach the same level of adoption, the report said.
Narrowing price differentials between 5G and 4G chipsets and strategic component selection by manufacturers helped maintain production costs.
“Additionally, chipset players such as MediaTek and Qualcomm have helped smartphone OEMs offer affordable 5G phones by launching entry-level 5G chipsets. “Chinese brands in particular are now able to offer a broader portfolio of 5G smartphones, especially in the mid-range and mid-luxury segments,” the report said.
Expanding
“Developed markets are nearing saturation, with the contribution of 5G smartphones to total shipments exceeding 80% in 2023, led by the premium segment. Therefore, major smartphone players are making 5G features a common feature in mid-range devices. as well as in the affordable segment,” the report said.
