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Can 5G Save the Smartphone Market?

TheMotleyFool

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Can 5G Save the Smartphone Market?Photo, wide shot, wide-angle lens, Cable TV provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/51ec7f0d-2b5e-41f6-baa4-43bf0f5d7e7d.png

The global smartphone market has had the worst year in its history, primarily on account of the COVID-19 pandemic that has decimated discretionary spending while simultaneously disrupting consumer electronics supply chains. Total shipments have seen the biggest drops in history throughout 2020, with some markets like India even getting cut in half.

Some smartphone manufacturers have already started to release handsets equipped with 5G, and Apple's (NASDAQ: AAPL) highly anticipated foray into 5G this year could help save the market.

Image source: Getty Images.

Source Fool.com

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