Samsung sold 6.7 million 5G smartphones last year, owning more than fifty per cent of the global market, it announced Thursday.
The South Korean company said it now commands 53.9 per cent of the global 5G market as at November 2019 after it exceeded its own expectations in delivering smartphones capable of accessing the newest high-speed networks.
Samsung Electronics’ sales were driven by its rollout of five 5G enabled devices led by its Galaxy S10 5G phones which it rolled out in the United States last May.
“5G smartphones contributed to one per cent of global smartphone sales in 2019. However, 2020 will be the breakout year…”– VP of Research at Counterpoint Research, Neil Shah
In addition to the S10 5G smartphone, Samsung also introduced a Note10 5G, Note10+ 5G and the recently launched Galaxy A90 5G and Galaxy Fold 5G smartphones which give its customers “the ability to experience next-generation speed and performance”, it said.
President and Head of Research and Development at IT & Mobile Communications Division, Samsung Electronics, TM Roh, said “Consumers can’t wait to experience 5G and we are proud to offer a diverse portfolio of devices that deliver the best 5G experience possible,” adding that “For Samsung, 2020 will be the year of Galaxy 5G and we are excited to bring 5G to even more device categories and introduce people to mobile experiences they never thought possible.”
The world’s largest smartphone maker will also introduce the first 5G tablet in this quarter, when the Galaxy Tab S6 5G is released in Korea “bringing ultra-fast speeds together with the power and performance of the Galaxy Tab series3.”
VP of Research at Counterpoint Research, Neil Shah, said “5G smartphones contributed to one per cent of global smartphone sales in 2019. However, 2020 will be the breakout year, with 5G smartphones poised to grow 1,687 per cent with contribution rising to 18 per cent of the total global smartphone sales volumes.”
Meanwhile, Samsung’s competitor Apple is not expected to introduce a 5G device until later this year.