5G smartphone sales in Korea to top 10 mn units in 2020, doubled from last year

Gross sales of 5G smartphones in South Korea are projected to high 10 million items this yr, doubled from final yr, because the earlier-than-usual native launch of the brand new iPhone sequence and launch of 5G-enabled mid-range smartphones from different manufacturers accelerated migration to 5G telephones.

Market tracker Counterpoint Analysis in a report issued on Friday forecast that the 5G smartphone gross sales in Korea this yr would attain 10.3 million items, with practically half of the overall to be bought throughout the fourth quarter.

Cumulative 5G cellphone gross sales amounted to five million items to date this yr till September, which is about the identical full-year gross sales of 2019.

Gross sales of 5G telephones within the nation had slowed down from late final yr after native cell carriers have been punished for unlawful subsidies. However its gross sales have slowly recovered this yr, choosing up velocity over the past couple of months following the earlier-than-usual launch of Apple’s new iPhone 12 sequence, the primary 5G-enabled iPhone mannequin.

As a result of Apple included South Korea among the many international locations for Oct. 30 launch, Korean customers might personal new iPhones sooner than earlier than, stated Lim Soo-jeong, a Counterpoint Analysis analyst, predicting Samsung Electronics’ plan to introduce reasonably priced 5G smartphone fashions ought to assist the native 5G smartphone market increase extra quickly subsequent yr.

Korean smartphone giants Samsung Electronics and LG Electronics are aggressively increasing their 5G cellphone lineups with each corporations including 5G-supporting variations to not solely premium fashions but additionally their finances telephones.

The market analysis firm projected 5G cellphone gross sales in Korea to succeed in 16 million items in 2021, up 56 % from this yr.

The 5G fashions accounted for 49 % of the nation’s whole smartphone gross sales within the third quarter, claiming 10 % greater than the earlier quarter.

By Pulse

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