Zhitong Finance APP learned that TechInsights predicts that the 5G smartphone market will resume growth in 2024. TechInsights predicts that Apple's (AAPL.US) market share is slowly declining, but it will maintain its No. 1 position in the world through strong iPhone sales in 2023 and 2024. Samsung will maintain its second position in the world's 5G smartphones in 2023 and 2024, and Xiaomi (01810) will be in third place.
The growth of the 5G smartphone market is slowing down but will continue to show positive growth in 2023 and 2024.
In 2024, the global 5G smartphone penetration rate will reach 72%, while the 5G millimeter wave smartphone penetration rate will reach 7.3%.
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