With 2020 behind our backs, Digitimes Research compiled a report on global smartphone shipments for the past year and according to that, the market dropped by about 8.8% with a total of 1.24 billion units shipped. Given the ongoing pandemic, demand and supply of smartphones naturally decreased last year with the largest dip felt in Q1 when shipments were down by 20% on a yearly basis.
Samsung, Apple and Huawei were the three leading smartphone manufacturers in 2020 followed by Xiaomi, Oppo and vivo. Apple and Xiaomi were the only two companies that saw an increase in shipments of over 10% compared to the prior year while Samsung and Huawei faced double-digit drops. The only bright spot in the past year was 5G adoption rates with an estimated 280-300 million 5G devices shipped for the year compared to the roughly 20 million units from 2019.