Samsung’s 5G smartphones accounted for nearly two-thirds of the 5G smartphone market in the third quarter of 2019.
Samsung’s 5G smartphone market share dropped from 84% in the second quarter of 2019 to 74% in the third quarter of 2019, but the Korean company’s 5G smartphone sales increased from 1.5 million to 3.2 million units. LG is the second largest 5G smartphone manufacturer with 10% market share, sales reaching 400,000 units.
Tech Radar said that both Samsung and LG have a great advantage thanks to the commercial 5G network deployed early in Korea. However, Samsung has taken the leading position in the 5G smartphone market thanks to its strategy of diversifying its product line compatible with new connectivity technologies, as well as benefiting from Huawei’s limited operations in the local countries. West.
According to IHS Markit, Samsung Galaxy Note 10+ 5G is the most popular 5G smartphone with sales of 1.6 million units in the third quarter of 2019.
“Samsung has stepped up its investment in the early stages of the 5G smartphone market,” said Gerrit Schneemann, a senior analyst at HIS Markit. “Samsung has successfully taken advantage of the Korean market to increase sales. The company is also rapidly adding more diverse 5G smartphones than any other manufacturer.”
The total sales of 5G smartphones of Chinese manufacturers such as Huawei, Xiaomi and Oppo reached only 700,000 units in the third quarter of 2019, accounting for 17% of the 5G smartphone market share. This is because most Chinese 5G devices are only distributed in the domestic market. Moreover, consumers in this country tend to buy mid-range products, while 5G smartphones are now in the high-end segment.
Smartphone Model Market Tracker data shows that the average price of 5G devices is currently $ 994, three times higher than the average price of smartphones. However, 5G smartphone prices will decline over time, as smartphone manufacturers seek to expand their market share and component suppliers targeting the lower segment.
“The explosion of 5G technology allows manufacturers and carriers to create a new generation of mobile devices with feature sets that are not backward compatible. For example, 4G smartphones won’t be able to connect to 5G networks,” Schneemann said. say more. “This is an opportunity for manufacturers to upgrade the mobile experience, while changing user behavior.”
IHS Markit predicts that around 13.5 million 5G smartphones will be sold by the end of 2019 and will increase to 253 million 5G devices sold by 2020.