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20% Mid-Range Smartphones To Support 5G in 2020: Tech Report

The new predicted value is about 20 times more than the sales figure of 2019

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Additionally, US based investment banking and financial service company Goldman Sachs forecasted a hefty 200 million 5G smartphone shipments globally this year. Pixabay

Chinese local research agencies suggests that 20 per cent of all mid range smartphones will support 5G, thanks to the expansion of the network in the country.

An estimated 5 million 5G capable smartphones were sold in December 2019 alone it is expected that more than 20 per cent of the smartphones under $290 will be 5G enabled this year, news portal GSMArena reported on Tuesday.

By 2021, the same statistics are expected to be applicable across the globe.

Xiaomi co-founder Lei Jun recently announced the company is planning to pump $7 billion in 5G, AI and IoT over the next five years.

Lei said: “We need to turn our continuous advantage we have in a combination of AI, internet technologies and intelligent life into absolute victory in the intelligent scene, and completely cement our king status in the smart era.”

Earlier, Lei had also revealed that the company is planning to release more than 10 5G phones this year.

Additionally, US based investment banking and financial service company Goldman Sachs forecasted a hefty 200 million 5G smartphone shipments globally this year.

5G
Chinese local research agencies suggests that 20 per cent of all mid range smartphones will support 5G, thanks to the expansion of the network in the country. Wikimedia Commons

The new predicted value is about 20 times more than the sales figure of 2019.

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According to estimates, there will be about 1 million new 5G base stations in China this year. This is higher than the original 600,000 prediction by Goldman Sachs. (IANS)

Next Story

India Becomes the Second Largest Smartphone Market After China: Report

India surpasses US to become 2nd largest smartphone market

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The Indian smartphone market surpassed the US for the first time on an annual level. Pixabay

New Delhi: Riding on Chinese brands, the India smartphone market surpassed the US for the first time on an annual level and this is the latest science and technology news, becoming the second-largest smartphone market after China globally — reaching 158 million shipments in the calender year 2019 with 7 per cent (YoY) growth, a report from Counterpoint Research said on Friday.

While Xiaomi continued to be the top player with 28 per cent market share in the calendar year 2019, Samsung was second with 21 per cent and Vivo at 16 per cent market share, said Counterpoint’s ‘Market Monitor’ service.

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India has now become the second-largest smartphone market after China globally. Pixabay

“Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent,” said Tarun Pathak, Associate Director, Counterpoint.

“Chinese brands share hit a record 72 per cent for the year 2019 as compared to 60 per cent share a year ago.

“This year, we have seen all major Chinese players expanding their footprint in offline and online channels to gain market share. For instance, Xiaomi, realme, and OnePlus have increased their offline points of sale while brands like Vivo have expanded their online reach with Z and U series,” said Anshika Jain, Research Analyst at Counterpoint.

Over the past four years, Xiaomi, Vivo, and OnePlus have grown 15 times, 24 times and 18 per cent, respectively.

“This highlights that OEMs are mature enough to capture next wave of growth and expand their operations in India,” Jain added.

Smartphone
Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent. Pixabay

Samsung shipments remained almost flat (YoY) while it has shown a 5 per cent (YoY) decline in 2019.

“This is for the first time Samsung transitioned to a completely new portfolio targeting different channels (offline with A series and online with M series). However, it needs to double down its efforts to keep the momentum going,” the report noted.

While the smartphone market registered YoY growth, the feature phone market witnessed a steep decline of nearly 42 per cent YoY in 2019 and 38 per cent (YoY) in Q4 2019.

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“This is due to slowdown in the new shipments from Reliance Jio. However, the players such as itel, Lava, Nokia and Micromax registered positive annual
growth despite the overall segment declined showing the untapped potential of the market,” said the report.

In fact, itel emerged as the number one feature phone brand in Q4 2019, followed by Samsung and Lava. (IANS)