Apple iPhones Led Smartphone Sales As 5G Handsets Formed Over 50% Of Sales

Apple Inc’s AAPL iPhones led the mobile industry to a landmark in January, as handsets with 5G cellular networking accounted for 51% of smartphone sales for the first time, Bloomberg reports.
Recently, Apple launched a 5G model in its budget-friendly iPhone SE series, at half its average flagship device priced at $429.
Chinese brands Xiaomi Corp XIACY XIACF, Oppo and Vivo each generated ~10% of global 5G sales, the majority of which came in China.
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Apple’s key position in China helped drive its market-leading share of 37%.
The 5G connectivity has been a critical enabler for autonomous driving and factory automation, with China being among the most aggressive nations in expanding its availability.
China looks to push 5G coverage by adding 0.6 million base stations in 2022, elevating the total number to well above 2 million.
Price Action: AAPL shares traded higher by 1.53% at $157.46 in the premarket on the last check Wednesday.
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