Apple outpacing smartphone industry growth, will dominate 5G market in 2021

Apple will continue to dominate the 5G market in 2021, according to analysts at TrendForce, with iPhone production expected to increase 15% across 2020.The ongoing COVID-19 pandemic hit the smartphone industry hard in 2020, with it seeing a year-on-year decrease in global production to 1.25 billion units, TrendForce claims. Analysts are upbeat about the industry’s fortunes in 2021, with a recovery of the market anticipated due to people becoming “accustomed to the new normal’ resulting from the pandemic.”TrendForce also reckons there will be a “relatively strong wave” of device replacement demand, and growth in emerging markets, which will help boost production figures. As a whole, the industry is forecast to see an annual increase in unit production of 9% for the full year of 2021, with unit counts potentially hitting 1.36 billion.Read more…
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