86.4 million smartphones were shipped in China in 4Q20, a relatively flat growth from a year ago, according to IDC.
Almost all of the top five vendors recorded a favorable growth with the exception being Huawei. Nevertheless, the 2020 market still saw a 11.2% decline year-on-year with 325.7 million shipments.
“Huawei’s market share dropped below the 30% mark for the first time since it encountered the US trade restrictions. The decline indicates a good opportunity for its competitors in the year ahead, but it’s also expected to intensify the competition,“ says Will Wong, Research Manager for Client Devices at IDC Asia/Pacific.
China shipped a total of 167.5 million 5G handsets in 2020, with 60.1 million in 4Q20 alone. In 2020, more than half of the smartphones were shipped with a 5G connectivity.
A series of new research reports from Juniper Research has found that the total value of global payments conducted via digital ticketing, QR codes, and near-field communication (NFC) will reach $32.2 trillion by 2031.
Consumers are increasingly adopting new technologies to help navigate an increasingly complex global shopping landscape, according to research from NIQ.
New research commissioned by Infobip indicates that while brands are rapidly increasing investment in sports fan engagement, many struggle to demonstrate measurable business impact.
