The market of 5G smartphones has grown rapidly in the last few months. In this, India has become the second largest market by defeating America. Shipments of 5G smartphones in the country have increased by 60 percent in the first half of this year as compared to the same quarter last year. Most of the smartphone companies have launched new handsets in this market.

a media Report Quoting the report of market research firm Counterpoint, it has been said that in the first half of the current year, international shipments of 5G smartphones have increased by 20 percent on a year-on-year basis. With this, the share of 5G devices in all shipments of smartphones has increased to more than 50 percent. “Strong shipments from Xiaomi, Vivo and other brands in the budget segment are the main reasons for the rapid growth of this market,” said Prachir Singh, senior analyst at Counterpoint. He said that customers in emerging markets are looking at 5G smartphones as an option for upgrade.

China ranks first with about 32 percent share in international shipments of 5G smartphones. After this, India has about 13 percent share. American devices maker Apple is at the forefront with more than 25 percent share in international shipments of these smartphones. The company’s iPhone 14 and iPhone 15 series are getting good response from customers.

Smartphone shipments in the country in the first half of the current year increased by 7.2 percent on year-on-year basis to about 69 million units. Smartphone shipments in the second quarter grew by about 3.2 percent to about 35 million units. According to the report of market research firm International Data Corporation (IDC), many new smartphones have been launched in the second quarter. Most of these were in the mid-premium and premium segments. However, shipments of entry-level smartphones (priced below Rs 8,400) declined by about 36 percent in the second quarter. The market share of these segments has come down to around 14 percent from 22 percent in the same quarter last year. In this, Chinese smartphone maker Xiaomi has the first place. After this there are Poco and Realme. Shipments in the budget segment of smartphones (priced around Rs 8,400 to Rs 16,800) have grown by about 8 percent.