Huawei accounted for about 6.9 million out of the total 19 million 5G phones sold last year.
The race for 5G is well underway, and US President Donald Trump dealt a major blow to China by imposing sanctions to cripple the company that was leading the 5G race – Huawei. The Android license ban on Huawei has seen the company’s smartphone sales drop outside Chinese markets. Moreover, it also let Samsung dominate global 5G smartphone sales.
However, a recent report from Strategy Analytics claimed that Huawei, not Samsung, was the world’s top 5G smartphone vendor in 2019. With a 37-percent market share, Huawei accounted for about 6.9 million out of the total 19 million 5G phones sold last year.
Ken Hyers, the director at Strategy Analytics, said in the report; “Demand for 5G smartphones is higher than many expected. Fierce vendor competition in China and heavy carrier subsidies across South Korea have been the main drivers of 5G demand. Other regions, like the US and Europe, are lagging behind Asia, but we expect them to close the gap later this year.”
Leading in 5G smartphone shipments is quite a noteworthy achievement for Huawei, considering the Chinese phone maker was banned from the United States, one of the largest markets. Additionally, the lack of access to Google’s Mobile services made Huawei devices an unfavourable proposition outside China.
The Strategy Analytics report also showed that most Huawei 5G phones were shipped in China. Samsung had the second most smartphones shipped in 2019 with a 36-percent market share or 6.7 million units sold worldwide. Vivo landed in the third spot with around 2 million 5G shipments in 2019, while Xiaomi (Approx. 1.2 million) and LG (Approx. 9,00,000) came in fourth and fifth, respectively.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jan 29, 2020 03:16 pm