Overview:
In 2023, Latin America’s (LATAM’s) smartphone market saw 5G devices taking only 27% share of its overall sales, compared to 59% for the global market. LATAM was the region with the lowest sales penetration of 5G smartphones after the Middle East and Africa (MEA) region.
This report dives deep into the reasons for 5G smartphones not picking up in LATAM as fast as in the rest of the world and explores the timeline to catch up.
Table of Contents:
- Low 5G network rollout
- High fixed broadband penetration
- High price of a 5G smartphone
- Fierce competition among Chinese brands
Number of Pages: 4
Publication Date: July 2024