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TechInsights: Global 5G smartphone penetration will reach 72% in 2024

The research organization TechInsights issued an article this afternoon analyzing and prospecting the global 5G mobile phone market.

It said that the global 5G smartphone market will resume growth in 2024. As for market share forecasts, Apple is “slowly declining” but will remain No. 1 in the world through strong iPhone sales this year and next. At the same time, Samsung and Xiaomi will rank second and third respectively in the global 5G mobile phone market.

The current growth rate of the 5G smartphone market is slowing down, but the positive growth trend will continue this year and next. Overall, global 5G smartphone penetration will reach 72% in 2024, and 5G mmWave smartphone penetration will reach 7.3%.

A report from Taiwan’s Electronic Times in early September that Apple ordered fewer iPhone 15s than iPhone 14s. This may be due to the expected weakness in the global smartphone market in the second half of 2023. situation. The iPhone supply chain is already preparing for the fall release of the iPhone 15, but may not produce as many devices as in 2022.

Smartphone manufacturers are reportedly lowering their expectations for product demand and reducing production levels in the second half of 2023. This also applies to Apple and its new iPhone series. Senior analyst Luke Lin said Apple ordered 80 million to 90 million smartphones in August for the iPhone 15 series in the second half of 2023, which is higher than the 90 million to 90 million it ordered in August 2022 for the iPhone 14 in the second half of 2022. 100 million units is lower.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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