5G phones to Cross 200 Million Sales in 2020: Goldman Sachs

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  • The report noted that there will be about one million new 5G base stations in China
  • Xiaomi is planning to pump $7 billion in 5G, AI and IoT over the next five years

A new report by Goldman Sachs is forecasting a hefty 200 million 5G smartphone shipments globally in the coming year.

The report noted that the new predicted value is about 20 times more than the sales figure of 2019.

One million new 5G base stations in China

According to estimates, there will be about one million new 5G base stations in China this year. The report mentioned that Xiaomi co-founder Lei Jun has announced that the company is planning to pump $7 billion in 5G, AI and IoT over the next five years.

He further stated that they need to turn our continuous advantage we have in a combination of AI, internet technologies and intelligent life into absolute victory in the intelligent scene, and completely cement our king status in the smart era.

Earlier, he had also revealed that the company is planning to release more than 10 5G phones this year.

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