Huawei's 5G phone production output to top the world this year

The production output of Huawei's 5G smartphones is expected to reach about 74 million this year, ranking first in the world, according to the report by TrendForce on Wednesday, the China Securities Journal reported.

Apple's 5G iPhones will join in the competition in the second half of the year with an expected production output of about 70 million this year, ranking second.

Output of Samsung's 5G phones is predicted to be about 29 million, sitting at third place.

Vivo, OPPO and Xiaomi are expected to have similar production output at 21 million, 20 million and 19 million, respectively, for this year.

The report said Chinese smartphone brands have deployed their 5G phones in advance, accounting for 75 percent of the global 5G phone market in the first half of the year.

It forecasted the global smartphone output this year will stand at 1.24 billion, 235 million of which will be 5G, claiming a share of 18.9 percent.

The report added 5G functions will raise costs; if the raised cost is reflected in the price of smartphones, it may lower consumers' purchasing and hurt sales.