5G phones: OPPO, vivo and Xiaomi capture $15 billion in Q1 2021
5G first hit the market in 2019, with Huawei and Samsung being the frontrunners of the 5G smartphone race. Strategy Analytics Device Technologies research service reports that Chinese vendors OPPO, vivo and Xiaomi captured $15 billion in 5G smartphone sales in Q1 2021. 5G revenues for these three vendors alone were nearly double their LTE revenues in the same period. chinese 5g phones
The data shows how rapidly Chinese smartphone vendors are shifting from 4G to 5G. The LTE phone market’s value was cut in half in Q1 2021 as premium and high-tier devices migrated to 5G.
The report Global 5G and LTE Revenue and ASP by Vendor shows that revenues for 5G grew by over 500% annually in Q1 2021. Apple led in 5G shipments and revenue in the most recent quarter. Apple also led in 4G LTE revenues.
In the global top-10 list by revenue for 5G, there are seven Chinese vendors such as OPPO, vivo and Xiaomi, who are moving upstream revenue-wise with aspirational devices. While Chinese vendors are succeeding in capturing a growing share of 5G volumes as they transition away from 4G, they cannot yet match the ASPs enjoyed by iconic brands Apple and Samsung in terms of customer willingness to pay.
However, Chinese vendors are actively targeting more profitable upper-mid and high-tier devices and are closing the 5G ASP gap.
Chinese vendors are bringing much better value to international markets and in the process, are forcing other brands to improve their mid-tier portfolios. chinese 5g phones
5G: What are the benefits?
As capacity demands are driven by growing internet data traffic increases, 5G aims to speed up data communication by up to twenty times compared to 4G/LTE. 5G technology will also allow a connection density up to ten times greater than that of 4G/LTE, capable of supporting up to one million connections in a single squared kilometers.
5G technology will allow for easier streaming of high-definition media in densely populated areas or when out of reach of Wi-Fi hotspots. Other potential benefits include integrated management of the vast amount of connected devices in a smart society, lower cost, lower battery consumption, lower latency, and improved support of device-to-device communication.
Further, 5G is also expected to advance machine-based, IoT-centric functionalities, for example, in automotive for autonomous and self-driving cars, and smart factories. The economic impact of 5G is expected to reach 484 billion U.S. dollars in the United States alone, delivered through enhanced productivity and efficiency, as well as the creation of new sales opportunities across the economy.
Real-world speeds chinese 5g phones
Not all 5G networks are created equal, and user-experienced data transfer speeds can vary greatly. Download speeds can be affected by the frequency being used by the operator, the built-up environment, and proximity to infrastructure. Early testing shows varied results depending on the location, but significant boosts in speed compared with 4G/LTE.
South Korea showed the fastest average 5G download speed in the Asia-Pacific region, ahead of Taiwan and Australia. Finland featured the fastest average 5G download speed in Europe, more than 30 Mbps faster than the next-fastest results in Greece, Switzerland, and Austria. T-Mobile achieved the highest average 5G download speed across five cities in the United States during 2020, recording 83.8 Mbps in the Washington/Arlington/Alexandria region.