Devices > Emerging Devices Blog

5G Revenues Growing but Growth Slowing Down Due Economic Crisis

by Ville-Petteri Ukonaho | Sep 21, 2022

  • We expect the current geopolitical situation to have an effect to all shipments in 2022.
  • Surging food and energy prices are fueling inflation and eroding real incomes, particularly for low-income households and countries, which devote a large share of their expenditures to these goods.

  • In many emerging markets, where households on average spend over 40 percent of their budget on staple foods, food price inflation remains stubbornly high, eroding real incomes and weighing on consumption.
  • High global consumer price inflation is envisioned to persist for longer than previously assumed because of surging commodity prices and lingering supply bottlenecks.
  • The pandemic has left deep scars in the form of lower investment, lower human capital, and a retreat from global supply chains, all of which are likely to dampen potential growth in the longer term.

  • Xiaomi has enjoyed great share in Russian and Ukrainian markets which is now eroding fast.
  • Xiaomi, Oppo and vivo suffered from the COVID situation in China which made their 5G and LTE decline.
  • Transsion is growing fast in the LTE ranking mostly due having most of its portfolio transforming from 3G to 4G.
Clients of our Device Technologies (EDT) service can learn more about technological evolution in different regions from the report VALUE SHARE: Global 5G and LTE Handset Revenue and ASP by Vendor : Q2 2022.
 
 
 
 
 
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