Where does that leave the global pecking order? China has not been pushed off its perch. In Q4, the 5G share of its domestic smartphone shipments went ever higher, to 69%, leaving China still the global leader on this metric. But it is no longer the only big market. There is now a substantial potential user base in most richer countries of the world. The bias toward wealth does not come as a surprise, as the average sales price of the iPhone 12 range globally was, according to IDC data, over $1,000 before sales tax and VAT. The ASP of Android 5G devices was less than half that.