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Every fourth phone will be 5G phone in 2023

The overall smartphone market will be facing a slowdown in 2019 but the sales will start picking up pace in second half of the year after 5G devices gradually coming in the hands of consumers but it will take not months but the years for the process of larger user uptake of the 5G devices to came up to a full scale, all forecasted the research firm IDC in its latest edition of Worldwide Quarterly Mobile Phone Tracker.

Though, at the Mobile World Congress in Barcelona last month, some of the phone makers announced their 5G phones, but IDC expects the shipment of these 5G devices in 2019 will reach to an aggregate of 6.7 million that will represent only 0.5 percent of total phone shipments in the year which are expected to be about 1.395 billion units and will be the one-eighth of the total 3G phone shipments during the same period.

But IDC forecasted that the situation will become reversed in 2023 when shipments of 5G phones will be sharing 26 percent of the all shipments while hat of 3G phones will declined to capture the 2.2 percent share of the phone market.

To the other end, 4G phones are not going to be losing market share in the near future as suggested the IDC’s estimates for 4G devices, which will be capturing 94.5 percent share of the market in 2019 and also estimated to be holding 71.4 percent of an even larger market in 2023 which will expected to reach 1.542 billion phones.

But all these predictions are partially based on the current scenarios of slowing Chinese growth, political concerns and longer cycles of devices up gradation, and all these could be turn around with the resolution of trade war between U.S. and China and with dropped prices which are currently inflated due to tariffs. And greater availability of networks and lower prices could also be resulting in higher sales of 5G devices than what anticipating the IDC.

Gary Williams

Written by Gary Williams

Gary Williams:- Technology

I am Gary Williams and I’m passionate about business and finance news with over 9 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind newsstoriesworld.com with a vision to broaden the company’s readership throughout 2015. I am an editor and reporter of “Technology” category.

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