5G Smartphone’s will be available in the market till 2023

5G Smartphone’s will be available in the market till 2023

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5G Technology

The world is rapidly moving towards 5G technology. Smartphone is going to be a major contributor to this 5G technology. However, at present, the smartphone industry is facing some challenges. But it is expected to improve by 2022.

According to the IDC report, 5G is estimated to occupy 50% of the global smartphone market by the year 2023. Despite the challenges of the Kovid-19 epidemic, 5G is currently in the top priority list for all smartphone original equipment manufacturers (OEMS).

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Lack of demand in the market

Ryan Reith, vice president of IDC Worldwide Mobile Device Trackers, said that the top vendor has slashed the 2020 production plan as the market continues to fall. The report says that companies have cut their 4G portfolio plans.

Also, companies can reduce their 4G space by the end of the year 2020. Reith said that the demand for 5G smartphones is currently very low. In such a financial situation, there is a lot of pressure on 5G hardware and service charge.

5G price cuts likely

The worldwide smartphone market is projected to decline by 9.5 percent per year in 2020, with total shipments of 1.2 billion units. However, there is a 17 per cent decline in second quarter results, which is lower than the projected decline.

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However, such results are financially worrying. According to the report, the future of 5G smartphones will also depend on economic activity. If the demand does not come, the price of 5G smartphone is likely to be cut. Let us know that in the middle quarter in China, the price of 43 percent 5G device has been cut drastically by up to $ 400.

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5G Smartphone’s will be available in the market till 2023

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