The latest report released by Strategy Analytics shows that in the first quarter of 2021, the sales of Chinese manufacturers’ OPPO, Vivo and Xiaomi 5G smartphones reached 15 billion U.S. dollars. The 5G revenue of these three vendors alone is almost twice that of LTE in the same period.
The report pointed out that Chinese smartphone manufacturers are rapidly switching from 4G to 5G. As high-end equipment shifts to 5G, the LTE mobile phone market will shrink by half in Q1 of 2021. Strategy Analytics said that in Q1 2021, 5G revenue will increase by more than 500% annually. Apple leads in 5G shipments and revenue, while also leading in 4G LTE revenue.
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In addition, in the top 10 global 5G revenue, there are 7 Chinese manufacturers such as OPPO, Vivo and Xiaomi. At present, Chinese manufacturers are actively targeting mid-to-high-end equipment and are closing the 5G ASP gap.
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