On Friday, a company executive announced that Samsung has already sold 2 million of its first 5G phones since May. He predicted that this number should increase to 4 million by the end of 2019.
During the Qualcomm’s keynote at the IFA electronics trade show in Berlin, JuneHee Lee, the senior vice president and head of Samsung Electronics’ technology strategy team mentioned that “Today more than 2 million consumers around the world can connect to 5G networks using Samsung 5G smartphones. We expect that number to double by the end of the year.”
Currently, 5G technology is touted as a game-changing technology and users are able to dramatically boost the speed and coverage of wireless networks.
Today, this new technology can run between 10 and 100 times faster than the typical 4G cellular connection. And latency, the amount of time between when your phone pings the network and when it responds, will be faster than what Wi-Fi provides.
Samsung is one of the few companies that already launched more than one 5G phone. These new phones are the Galaxy S10 5G, Galaxy Note 10 Plus 5G, Galaxy A90 5G, and Galaxy Fold 5G.
These first devices, the S10 5G, and Note 10 Plus 5G cost $1,300, and the 5G version of Samsung’s foldable retails for about $2,000 in South Korea. The A90 5G will cost far less. At 749 euros, about $827, the A90 5G is one of the cheapest 5G phones on the market, and it’s a bargain compared to Samsung’s other 5G phones.
Although 2 million is a high number of devices, it is a small fraction of Samsung’s total smartphone sales.
According to Strategy Analytics, Samsung has shipped for over 76.3 million smartphones in the second quarter alone. The firm also mentioned that Samsung is the world’s biggest phone maker, with around 22% share.