The 5G honeymoon period is over. Global 5G smartphone shipment growth remained low in 2023 due to economic turbulence. Growth is stagnating due to Chinese softness, and geopolitical and economic turbulence. Apple leads vendors with an over one-fourth share of all 5G shipments globally, followed by Samsung and Xiaomi. By 2025 Apple’s lead will have shrunk as Samsung grows its shipments faster than the other leading vendors. 5G mmWave devices continue to exist mainly in the North American and Japanese markets.
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