China, North America, and Western Europe were the biggest drivers of this growth.
China had the highest 5G penetration in the world at 84 per cent in January. The push for 5G from Chinese telecom operators, combined with the readiness of original equipment manufacturers (OEMs) to supply competitively priced 5G smartphones to consumers, enabled this growth, according to Counterpoint Research.
"After Apple shifted to 5G in October 2020 with the iPhone 12 Series, North America and Western Europe saw a natural increase in the sales penetration of 5G smartphones," said research analyst
This demand is also fuelled by iPhone users who are ready for new devices after years of holding on to their older
For many, holding periods are nearing four years, the average replacement cycle for iPhones.
"Thanks to the affordable chips offered by MediaTek and
Asia-Pacific, Middle East, and Latin America are the next focus areas for OEMs to increase 5G penetration.
5G models in the sub-$150 price segment are the sweet spot for these regions, which are currently dominated by 4G.
"The low-end 5G SoC is priced more than $20 at present. Once it comes down to sub-$20, we will start seeing 5G smartphones in the budget segment," said the report.
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