Samsung Electronics has historically been at the forefront of technological advancements and trends, especially in the smartphone market. The best examples of this are its early adoption and introduction of 5G handsets and foldable smartphones like the Galaxy Fold. Now, thanks to its quick grasp on the early stages of the newer and faster bandwidth, the company leads the 5G smartphone market in Q3 of 2019.
According to a new report, the South Korean tech giant shipped 3.2 million 5G smartphones in the third quarter of 2019. This number represents 74 percent of the total of 4.3 million units sold in the global market. Furthermore, Samsung’s 5G smartphone shipments have essentially doubled in the third quarter in comparison to the 1.5 million units shipped in the second quarter of 2019; which also saw it hold a massive lead with 83 percent share in total 5G smartphones shipments.
Gerrit Schneemann, senior analyst, smartphones, at IHS Markit stated that the company capitalized on its home field advantage with the faster bandwidth. Owing to South Korea’s market developing rapidly, the company managed to take advantage of the early stages of 5G networking integration in the country. Notably, Samsung had quickly introduced 5G capabilities in its devices ranges giving it the largest 5G smartphone portfolio amongst any other brand.
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South Korea is advancing ahead with its 5G market. The country has already planned its wireless operators officially commencing service in April 2020. This has led to Samsung and even LG, ranked second in the 5G smartphone market, to take initiatives with aggressive promotions within the country for the newer and faster bandwidth. It has allowed both companies to largely benefit from the bandwidth advancement and also take leading spots in the 5G market as a whole.
Others in the 5G market include brands like Xiaomi, Huawei, Oppo, Vivo, and ZTE from China. These brands represented about 17 percent of the total 5G shipments with 700,000 units in the second and third quarters. As 5G services begin to roll out in China, it is expected that the aforementioned brands will see a drastic rise in the overall standings and metrics.
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