Study: In Q2 of 2020 the shipment of 5G smartphones increased globally, and China is the largest contributor to 5G smartphone revenue

Recently, Counterpoint Research carried out a study and according to it for the second quarter of 2020, the shipment of 5G smartphones has increased and it now accounts for more than 10% of smartphone shipments around the globe.

In the second quarter of this year, the overall 5G smartphone revenue globally has been estimated to be around 20%. China is the largest contributor to 5G smartphone sales. According to this research, China has managed to generate 72% of the global 5G smartphone revenue, and most of these smartphones are designed and launched by the Chinese company, Huawei.

There has been a 10% rise in the overall growth rate in the average sales price (ASP) of 5G smartphones during this period. The average selling price of the Chinese smartphone market increased by around 12% year on year.

Other countries in the Asian-Pacific region, Europe, North America, Africa, the Middle East, and some other regions contributed to 10% of the overall growth rate in the average selling price during the second quarter. Sadly, Latin America saw a decline of 5% year on year for the growth rate in the ASP. But with the overall market decline of 8% year on year, this is still better, considering the horrible effects the coronavirus pandemic had on the entire world and the over the global economy.

For the average selling price of the global smartphone market, a rise by 10% year on year was reported in the second quarter of 2020. Except for Latin America, average selling prices increased in all regions. This shows that the 5G smartphones are getting a great market response and they are selling like hotcakes. Due to the lockdown and social distancing implementations because of the coronavirus pandemic, the demand for faster and more efficient phones for work, study, games, and for video streaming has increased too, and this has caused the 5G smartphones to become an instant hit in the markets in the Q2 of 2020. However, the pandemic did impact the market’s demand for devices at lower prices because of the closure of offline retail stores. But due to the high demand and resilience of the high-end market, the growth of 5G smartphone sales increased along with the average selling prices too, especially in China.

During this period, the shipments of most of the original equipment manufacture smartphones decreased, but Apple’s shipments increased by around 3% year on year. The revenue from iPhones saw a rise by 2% year on year. And this is when the iPhone does not have 5G as yet. Imagine, when 5g iPhones will be launched, how they will soar in the global markets!

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