During the Huawei Analyst Conference of 2020, the company’s Vice President revealed the success of its consumer business’ smartphone product line, especially for 5G smartphones. According to the report, Huawei has sold over 15 million 5G handsets in the first quarter of 2020, making it rank first in China’s 5G market and seize 33 percent of the global 5G smartphone market as well.
In the conference, Huawei stated that it has a 33.2 percent market share for 5G smartphones and a 55.4 percent share in the Chinese market. At the moment, the Chinese tech giant has released more than 19 5G smartphones, with prices ranging from more than 2,000 Yuan (roughly 281 US Dollars) to even 16,000 Yuan (roughly 2,251 US Dollars).
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According to a recent report from Strategy Analytics, the global demand for 5G enabled smartphones have surged in comparison to 2019. In just the first quarter of 2020, the global smartphone market saw 24.1 million 5G handsets being shipped, over 18.7 million in the entirety of 2019. A few major players in the market include the South Korean tech giant, Samsung, Honor, Vivo, and even Xiaomi.
Samsung had a total market share of 34.4 percent (8.3 million shipment), which was closely followed by Huawei and Honor (8 million shipments). Vivo with 2.9 million unit shipments had a market share of 12 percent while Xiaomi had a 10.4 percent market share by shipping 2.5 million 5G smartphone units.
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(Via)
