China Will Lead 5G Smartphone Purchases Through 2023 [zero hedge]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: zero hedge
A new report from Canalys shows that 5G smartphones will reach nearly 800 million units in 2023, accounting for 51.4% of all smartphone shipments across the world.The era of 5G is here, meaning 2G, 3G, and 4G are obsolete. The compound annual growth rate (CAGR) of 5G smartphone shipments between 2019 and 2023 will be about 180%, while more than 1.9 billion devices will flood global markets by 4Q23.Canalys shows China will lead the world in 5G smartphone shipments in 2023 (34%), followed by North America (18.8%), and Asia Pacific (17.4%).Governments around the world, including China, Europe, and the US, have sponsored initiatives to accelerate 5G infrastructure development in major metropolitan areas."There was a phenomenal amount of 5G discussion at this year's MWC Shanghai, with Chinese 5G licenses granted a year earlier than planned. The role of the Chinese government and the well-orchestrated joint investments of operators and equipment suppliers were critical to this earlier comme
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