As of the fourth quarter of 2022, Apple accounted for around 20 percent of the market share of 5G smartphones based on shipments in China.
The Global 5G smartphone market
With the faster mobile internet connection enabled by 5G technology, smartphones will be the most obvious gadget to make use of the newest generation of network technology. It was forecasted that by 2023, 5G-enabled smartphones would account for over half of all smartphone shipments worldwide. This translates to roughly 416 million 5G-enabled smartphone shipments in the same year. Among all 5G smartphone vendors, Asian brands, namely Chinese and Korean, seemed to be leading the race. Smartphone giants of both markets Xiaomi and Samsung have each a market share of over 15 percent of 5G smartphones shipped globally in the second quarter of 2022.
China’s 5G smartphone market
Boasting the world’s leading smartphone market and a frontrunner of 5G adoption, China’s 5G smartphone market looks promising, especially with a high acceptance of 5G network among Chinese citizens. Shipment volume of 5G smartphones in China has skyrocketed in the last three quarters and is expected to keep growing rapidly.
Market share of 5G smartphones based on shipments in China in 4th quarter 2022
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IDC. (January 29, 2023). Market share of 5G smartphones based on shipments in China in 4th quarter 2022 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/
IDC. "Market share of 5G smartphones based on shipments in China in 4th quarter 2022." Chart. January 29, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/
IDC. (2023). Market share of 5G smartphones based on shipments in China in 4th quarter 2022. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/
IDC. "Market Share of 5g Smartphones Based on Shipments in China in 4th Quarter 2022." Statista, Statista Inc., 29 Jan 2023, https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/
IDC, Market share of 5G smartphones based on shipments in China in 4th quarter 2022 Statista, https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/ (last visited August 25, 2024)
Market share of 5G smartphones based on shipments in China in 4th quarter 2022 [Graph], IDC, January 29, 2023. [Online]. Available: https://www.statista.com/statistics/1069433/china-market-share-of-5g-smartphone-based-on-shipments/