Samsung is leading the global 5G smartphone market with a 34.4 percent market share, thanks to the widest lineup of 5G smartphones. Now, it has been revealed that the company is dominating the 5G smartphone market in the US with a whopping 94 percent market share.
According to the latest numbers for Q1 2020 from market research firm Strategy Analytics, all top three 5G smartphones sold in the US were from Samsung. The Galaxy S20+ 5G was the best-selling 5G smartphone in the country, with a market share of 40 percent. The Galaxy S20 Ultra 5G and the Galaxy S20 5G took second and third positions, respectively. The Galaxy S20 Ultra had a market share of 30 percent, while the Galaxy S20 5G had a 24-percent share of the market.
Around 3.4 million 5G smartphones were sold in the US during the first quarter of this year, and 5G phones made up for 12 percent of all smartphones sold in the country. Samsung currently has a headstart in the 5G segment, and it is in a great position when compared to rival brands LG, Motorola, OnePlus, and TCL. However, the real test will be when Apple launches four new 5G iPhones later this year.
Early adopters in the US are reportedly willing to spend extra for the fastest possible mobile experience. The Galaxy S20+ 5G is said to be popular among affluent professionals in major cities like Los Angeles and New York.
Samsung currently sells 5G versions of the Galaxy S20, Galaxy S20+, Galaxy S20 Ultra, Galaxy S10, and the Galaxy Fold in the high-end segment. It has also announced the Galaxy A51 5G and the Galaxy A71 5G for the US market. The South Korean smartphone brand also plans to launch a 5G version of the Galaxy Z Flip in the second half of this year.
Juha Winter, Associate Director at Strategy Analytics, said, “Samsung and others must rapidly expand their 5G presence during the upcoming summer period, and grab as many 5G customers as they can before the iPhone juggernaut lands in Q3 or Q4 2020.”