The launch of Huawei 5G smartphone could take place somewhere in the middle of the next year. Huawei, one of the leading smartphone manufacturers in China, has revealed that the smartphone would offer much more than 5G compatibility; Huawei 5G smartphone would be foldable and 100x faster than any other smartphone currently available in the market.
Speaking at the World Economic Forum’s annual meeting of the New Champions in Tianjin, the company’s rotating Chairman, Ken Hu said that the company is committed to strengthening its global presence. He informed that Huawei 5G smartphone, scheduled for lunch by the middle of the next year, would be offering lower latency and faster speed.
“At 100 times faster than today, [buyers] are also going to enjoy an amazing high-definition video experience with a big screen on your smartphone,” Hu said.
The Growth of Huawei
The growth of Huawei in the recent times has been astounding. In Q2 2018, Huawei leapfrogged Apple to become the second largest smartphone manufacturer in the world. The company recorded a massive 40.9% YoY growth in the global smartphone shipment, to 54.2 million units in the quarter. The company is fast closing the gap with Samsung to claim the numero-uno position in the smartphone industry. The Korean smartphone giant recorded 10.4% YoY decline in the smartphone shipment during the same quarter.
Huawei is not the only Chinese smartphone manufacturer working on the 5G technology. Other Chinese players, likes of Oppo and Vivo, have also spilt beans about their 5G smartphones. In fact, recently Huawei’s sub-brand Honor has confirmed the launch of its first 5G smartphone, coming in 2019.
Off late, smartphone companies have struggled to re-innovation their devices. Most of the recently launched smartphones only offer upgrades and enhancements, either at a software or hardware level. The introduction of 5G smartphones could result in a few break-through innovations in smartphones.
The road to dominating the global smartphone industry, however, is not going to be a cakewalk for Huawei. Samsung, the current leader in the global smartphone industry, will leave no stone unturned to safeguard its numero-uno position. The company is also working on its first 5G smartphone as well as foldable smartphone soon.
The global smartphone industry will start witnessing another major shift from the end of 2019; 5G compatible devices would be instrumental in the future growth of the global smartphone industry since the beginning of 2020. 5G smartphone shipments are expected to grow a whopping 255%, almost reaching 110 million units by 2021.
The sales of 5G smartphones is expected to remain slow at the beginning due to the higher price of 5G chipsets. However, just like 4G smartphones, the increasing number of 5G smartphone users will result in declining price of the 5G chipset. This will result in an estimated over 1 billion 5G smartphone users worldwide by the end of 2023.
Various studies and report have indicated that the globals smartphone market is ripe for the foldable devices now. With the launch of Huawei foldable smartphone, the industry may soon be flooded with 5G smartphones and more variants of foldable smartphones. Whatever may be the equation then, it would be interesting to see who would be able to make the most of Smartphone 2.0.