China and the USA dominate in terms of expected 5G smartphone sales volumes. However, they are not the only countries where 5G smartphone sales are taking off. Switzerland has the highest 5G penetration of smartphone sales globally while two other countries in Western European are among the top 5 in terms of 5G smartphone penetration. We expect France to trail significantly behind other large Western European countries due to the much delayed license award and hostile regulatory environment in 2020. Nevertheless, we expect overall 5G share of smartphones sales in the region to spike towards 20% in 2020 as Chinese vendor compete aggressively for eroding Huawei share and force deeper price erosion to narrow the gap with 4G devices.
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