Counterpoint: Global 5G mobile phone shipments will increase by 20% year-on-year in the first half of 2024

Market research firm Counterpoint Research said that global 5G mobile phone shipments increased by 20% year-on-year in the first half of 2024, and India surpassed the United States for the first time to become the world's second largest 5G mobile phone market, second only to China. The agency's data showed that in the first half of 2024, global 5G smartphone shipments increased by 20% year-on-year.

Apple leads in global 5G mobile phone shipments, accounting for more than 25%, mainly thanks to the iPhone 15 series and 14 series, followed by Samsung, which accounts for more than 21% thanks to strong shipments of the Galaxy A series and S24 series. Xiaomi ranks third, with India being its main driving force.

In the Indian market, Xiaomi achieved a triple-digit growth rate, becoming an important force in driving the growth of India's 5G market.

Analysts pointed out that 5G mobile phones' contribution to the overall mobile phone market exceeded 54% in the first half of 2024, exceeding 50% for the first time.

This trend will grow further as the penetration of 5G phones in lower price segments increases and 5G networks continue to expand, increasing the popularity of 5G phones.

Analysts predict that 5G share will exceed 57% in 2024 and reach 65% in 2025.

Zikuai Technology