According to a new report by Strategy Analytics in the first quarter of 2020, the global 5G smartphone sales has crossed 24 million units in shipments in the first quarter of 2020. The demand has been noticeably higher this year, especially in China, with Samsung leading the market.
The Chinese smartphone market is the largest in the world and it’s been one of the major target for every smartphone manufacturer. Since the commercialization of 5G in China, the sales of 5G phones have been rising. The 5G smartphone market is constantly expanding and many major manufacturers already have 5G smartphones.
The report states that in the first quarter of 2020, Samsung and Huawei accounted for 68% of the global 5G smartphone market share. China’s 5G smartphone demand is higher than expected.
Specifically, Samsung’s global 5G smartphone shipments hit 8.3 million units, ranking first. Huawei (including Honor) closely follows with 8 million global 5G smartphone shipments. Vivo, Xiaomi, and Oppo rank third fourth and fifth with 2.9 million, 2.5 million, and 1.2 million units shipments respectively.
In terms of market share, Samsung holds 34,4% while Huawei/Honor has 33.2%. Vivo, Xiaomi, and OPPO have 12.0%, 10.4%, and 5% market share respectively.
As the 5G technology solution gets more advanced, we are seeing more affordable 5G smartphones. Presently, there are 5G phones selling for less than $300 and this price will reduce. The likes of Huawei, MediaTek, and Qualcomm are already working on entry-level 5G chips. This will significantly reduce the price of 5G devices.