India Becomes Second-Largest 5G Smartphone Market
India Becomes Second-Largest 5G Smartphone Market
India Becomes Second-Largest 5G Smartphone Market
News summary

India has surpassed the United States to become the world's second-largest market for 5G smartphones, following China, according to a report by Counterpoint Research. This surge is attributed to a 20% increase in global 5G handset shipments, with significant contributions from budget-friendly models from brands like Xiaomi, Vivo, and Samsung. Apple leads the market with over 25% share, driven by strong sales of the iPhone 15 and 14 series, while Samsung holds 21% market share, primarily through its Galaxy A and S24 series. The growth in 5G adoption is particularly notable in emerging markets, where consumers are eager to upgrade their devices. Analysts predict continued expansion in 5G smartphone shipments as more affordable options become available and 5G networks expand. The trend reflects a broader shift towards increasing consumer investment in technology, especially in developing nations.

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