5G phones priced around Rs 10,500 to launch by end 2020 says Huawei President

Huawei's President for its 5G product line, Yang Chaobin, has said that 5G smartphones priced around $150 (approximately Rs. 10,500) will launch by the end of 2020 or in early 2021.

According to the data in earlier posts, a total of 5 million 5G smartphones were sold in China in December. It is being said that over 20 percent of the were under $290 (approximately Rs. 20,500).

Earlier reports state that these statistics will be spread across the globe quite quickly. As of now, research agencies have suggested that currently 20 percent of all mid-range smartphones sold in China support 5G, due to the fast expansion of the network in the country.

According to the investment banking and financial services firm, Goldman Sachs, manufacturers will ship 200 million 5G enabled smartphones globally in 2020. This is around 20 times more than the total sales figure for 5G smartphones in 2019.

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Around one million new 5G base stations were installed in China itself this year, which is much higher than Goldman Sachs original prediction of 6,00,000 base stations.

Huawei and Honor during 2019 launched a number of 5G smartphones including the Mate 30 5G series, Mate 20 X 5G, Mate X 5G, Nova 6 5G, Honor V30 series and more. It recently stated that it had shipped over 6.9 million units of 5G smartphones in 2019.

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Xiaomi has also started pumping money into the 5G revolution. The company's CEO, Lei Jun recently stated that Xiaomi is planning to launch over 10 5G smartphones 2020. He also said that the company is planning to invest $7 billion in 5G, AI and IoT technologies over the course of the next five years.