The 5G smartphone market has been building up over time. And more and more there is a diversity of brands betting on equipment with support for the fifth generation network.
According to the information, in this second quarter, most of the revenue from 5G smartphones, represented by 72%, came from China. In addition, Huawei remains the brand that sells the most phones with support for this technology network.
Overwhelming majority of 5G smartphone revenue comes from China
According to Counterpoint Research, in the second quarter of 2020, 5G smartphone deliveries increased. In this period, this equipment corresponded to 10% of global deliveries of smart phones.
In the same period, 5G smartphones accounted for 20% of global smartphone revenue. Of all countries, China contributed most to the sales of this equipment with a fifth generation network. According to the findings, 72% of the global revenue from phones with 5G technology came from China. In addition, most of them correspond to Huawei smartphones.
The average selling price of the Chinese smartphone market also increased by 13% over the previous year. However, this was no reason to drive consumers away from buying.
According to the report, in the second quarter of 2020 the average selling price (ASP) of the global smartphone market increased 10% over the previous year.
As we have already said, Latin America was the only country where the average sales price fell by 5%, year-over-year. In North America they increased 7%, in Europe 1%, in China 13%, in the Middle East and Africa 3% and in Asia-Pacific 11%.
It is, however, normal that with the arrival of more 5G equipment, the market will undergo some changes. According to analysts, by the end of the year 2025, 5G smartphones should represent 30% of the market share.