$150 5G Phones May Arrive by the End of 2020, Huawei Executive Says

$150 5G Phones May Arrive by the End of 2020, Huawei Executive Says:

Chinese smartphone manufacturer Huawei’s President for 5G product line, Yang Chaobin believes that 5G smartphones priced around $150 (roughly Rs. 10,656) are expected to be launched by the end of 2020 or in early 2021. Huawei, along with its sub-brand Honor, has launched a number of 5G smartphones in 2019, including Mate 30 5G series, Mate 20 X 5G, Mate X 5G, Nova 6 5G, Honor V30 series, among others, news portal GizmoChina reported on Friday.

Recently, the company announced that it has shipped 6.9 million units of 5G smartphones as of December 2019, in addition to offering end-to-end 5G solutions.

Additionally, Chinese local research agencies suggested that 20 per cent of all mid range smartphones will support 5G, thanks to the expansion of the network in the country.

An estimated 5 million 5G capable smartphones were sold in December 2019 alone. It is expected that more than 20 per cent of the smartphones under $290 (roughly Rs. 20,600) will be 5G-enabled this year.

By 2021, the same statistics are expected to be applicable across the globe.

Xiaomi co-founder Lei Jun recently announced the company is planning to pump $7 billion (roughly Rs. 49,730 crores) in 5G, AI and IoT over the next five years.

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

US-based investment banking and financial service company Goldman Sachs has also forecasted a hefty 200 million 5G smartphone shipments globally this year.

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

According to the estimates, there will be about 1 million new 5G base stations in China this year. This is higher than the original 600,000 prediction by Goldman Sachs.

Originally Published at: Gadgets 360

 

$150 5G Phones May Arrive by the End of 2020, Huawei Executive Says

Recent Articles

ISRO Starts Work on Chandrayaan-3 Mission Ahead of 2021 Launch

ISRO Starts Work on Chandrayaan-3 Mission Ahead of 2021 Launch: In its second attempt to soft-land on the Moon, India began working on its third...

OnePlus 8 Pro Rumoured to Support Wireless Charging

OnePlus 8 Pro Rumoured to Support Wireless Charging: OnePlus 8 Pro has been part of the rumour mill for quite some time now, and a...

Xiaomi Mi A3 Price in India Cut, Now Starts at Rs. 11,999

Xiaomi Mi A3 Price in India Cut, Now Starts at Rs. 11,999: Xiaomi Mi A3 has received a permanent price cut in India. The phone...

Mee Audio X10 True Wireless Earphones Launched in India, Priced at Rs. 4,999

Mee Audio X10 True Wireless Earphones Launched in India, Priced at Rs. 4,999: Affordable audio brand Mee Audio is known for its value-for-money wireless earphones,...

Cloud Cooking India: Housewives Become Gig Economy Chefs

Cloud Cooking India: Housewives Become Gig Economy Chefs: Rashmi Sahijwala never expected to start working at the age of 59, let alone join India's gig...

Related Stories

Stay on op - Ge the daily news in your inbox