5G phones continue dominating China's smartphone shipments in March; set to become biggest smartphone market by 2024

BEIJING, April 18 (Xinhua): The shipments of 5G phones continued to dominate China's smartphone market in March, with the total 5G phone shipments reaching an all-time monthly high of 27.5 million units, data from the China Academy of Information and Communications Technology (CAICT) shows.

The figure accounted for 76.2 percent of the country's total mobile phone shipments last month, according to the CAICT, a research institute under the Ministry of Industry and Information Technology.

A total of 16 new 5G phone models were rolled out last month, said the CAICT.

In the first quarter of the year, the country's 5G phone shipments topped 69.84 million units, accounting for 71.3 percent of the total shipments, according to the academy.

China will overtake the United States to become the world's largest market for smart home devices by the end of 2024, according to an industrial report.

China's shipments of smart home devices are expected to account for 36.4 percent of the world's total shipments in 2024 and will further expand to take up a 38.4-percent global share in 2025, data from the global market research firm International Data Corporation (IDC) showed.

The compound annual growth rate of smart home device shipments in China is expected to stand at 21.9 percent in the next five years, said the IDC.

The firm has attributed the booming market to reasons including China's larger population and family base, more efficient construction of network infrastructure and more active promotion of digital transformation.

In 2020, worldwide shipments of smart home devices reached 801.5 million units, and China's market accounted for 25.5 percent, IDC data showed

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China , Smartphones , %G , Sales , Saring , Set To Overtake , US , 2024


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