UK banks hold sufficient capital to cope with no-Brexit and Trump trade war, BoE says 

Hitachi commences sale of $5.6 billion chemical unit 

Cybersecurity firm McAfee’s IPO could raise at least $1 billion: Reports 

Hitec Vision, Oman’s Petrogras to acquire Total’s British North Sea oilfields for $635 million


China’s swift 5G adoption to help drive 2020 mobile volumes

China 5G

According to IDC, 190 million 5G-enabled smartphones are expected to be shipped, accounting for 14% of total shipment

5G mobile phones are expected to roll out on a large scale in China in 2020, according to International Data Corporation (IDC) forecast. Chinese consumers will widely embrace the early-generation 5G network in its early stages.

The IDC data showed that a total of 190 million 5G-enabled smartphones are expected to be shipped, accounting for 14 percent of total smartphones shipment for the year. Ryan Reith, program vice-president with IDC’s Worldwide Mobile Device Trackers, told the South China Morning Post, “There is little doubt that China will quickly become the leading market in terms of 5G volume, but other important markets like the US, Korea, United Kingdom, and Canada are all expected to help drive 2020 volume.”

China’s major smartphone vendors introduced 5G handsets before the 5G network was officially launched in November. The country’s fourth largest smartphone brand Xiaomi is planning to launch nearly 10 5G smartphone models next year, according to founder and chief executive Lei Jun. Samsung, Huawei, Oppo and Vivo have released 5G phones earlier this year. 

According to IDC’s Worldwide Quarterly Mobile Phone Tracker, the worldwide smartphone market is expected to grow 1.5 percent year on year in 2020. Recent 5G developments in the China market coupled with strong activity from smartphone supply chain and OEMs have encouraged IDC to raise short-term 5G forecast. 

Australia, Japan, Korea and a few European countries are demonstrating slow 5G adoption. Increasing 5G adoption globally will largely depend on various factors, including 5G network arrival, operator support and price reductions. 

Leave a Comment