Goldman Sachs predicts 200 million 5G phone sales in 2020, Xiaomi to invest $7 billion over next five years

2020 is the year when 5G will go mainstream and a new report from Goldman Sachs is forecasting a hefty 200 million 5G smartphone shipments globally in the coming year. The estimate comes as part of a recently published report and is signaling a 20 fold increase compared to the 5G phone shipments for 2019. The largest part of those will be destined for the Chinese market and the high demand from consumers will also accelerate 5G base station deployment. Last week we came another prediction claimed Huawei alone will top 100 million 5G smartphone shipments in China during 2020. China is...

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