The smartphone market in mainland China grew marginally in the third quarter, with shipments increasing to 97.8 million units from 97.6 million in the second quarter. Huawei extended its market lead by shipping 41.5 million smartphones, to take its market share to a record 42%.
About 800 million 5G-enabled smartphones are forecast to be shipped in 2023 by the technology analyst firm Canalys, accounting for 51.4% of all smartphone shipments by that time. Overall, in the five-year period, Canalys said it expected the compound annual growth rate to be 179.9%, with a total of 1.9 billion devices shipped to market by the end of 2023.
Smartphone shipments in 2019 are predicted to reach 1.35 billion units, a year-on-year fall of 3.1%, the research firm Canalys says, adding that this reflects a lowered forecast due to the increasing uncertainty that a trade deal will be reached by the US and China.
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