China is seeing explosive growth in demand for fifth-generation (5G) mobile-enabled smartphones. This is evidenced by data collected by the well-known analytical company International Data Corporation (IDC).
So, in the second quarter of this year, more than 43 million 5G devices were sold in the Middle Kingdom, with a total market volume of 87.8 million units. In other words, approximately every second smartphone delivered to the PRC during the second quarter of 2020 supported fifth-generation networks.
At the same time, there was a rapid decline in the average cost of 5G devices. If in the third quarter of 2019 it was $ 711, now it is $ 464. In the near future, budget 5G models with a price tag of $ 150 are expected.
Huawei Hisilicon became the largest supplier of chips for 5G smartphones in China in the last quarter, taking over half of the corresponding segment – 54.8%. Qualcomm took second place with a share of 29.4%, while the bronze was at the disposal of MediaTek – 8.4%. The remaining 7.4% went to the South Korean giant Samsung.
