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[News] Xiaomi Founder: Affordable 1000 Yuan ($142) 5G smartphone expected by 2021 and 5G comes in 3-4 years

2019-11-28 22:25:01
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On 29th November 2019, the Xiaomi group held a conference for the third quarter of 2019. Lei Jun, the billionaire co-founder of Xiaomi, stated in the conference that he believes that an affordable 1000 Yuan ($142) 5G smartphone will be available in the market by 2021. He also stated the true transition to 5G networking is just 3-4 years away for the people of China.

Notably, Xiaomi is expected to release over 10 smartphones in 2020 that are capable of 5G networking; and in general, it is estimated that the penetration rate of 5G mobile phones will be around 40 percent to 50 percent in the Chinese market alone. The Chinese tech giant aims to provide affordable priced 5G smartphones during this time. Additionally, the 5G smartphone market is expected to boom in the next 3-4 years which Xiaomi can capitalize on. This is further made possible by the company’s good cash flow and sufficient inventory which lays a good foundation to build the 5G business on as well.

The smartphone manufacturer released its financial report for the third quarter of 2019. In the report, the average selling price (ASP) of Xiaomi smartphones increased by 4.6 percent in China. Furthermore, it also announced that the company is pushing ahead with the development of 5G smartphones. Knowing Xiaomi, it is not farfetched to assume a 1000 Yuan 5G smartphone might just be available in two years’ time.

2019-11-28 22:25:01
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Advanced Bunny

ohmmmm | from Redmi Note 5


but the government needs to approve of 5g connectivity first
2019-11-28 22:51:47

Master Bunny

Dinesen | from Redmi Note 5 Pro


awesome👏✊👍 mobile
2019-11-28 23:27:23
2019-11-28 23:43:42

Advanced Bunny

mks 5190728266 | from Redmi Note 4


nice dice
2019-11-29 00:09:01

Rookie Bunny

5226744101 | from Redmi Y3


2019-11-29 00:13:25

Pro Bunny

@#ASHU | from Redmi Note 7 Pro


great announcement
2019-11-29 01:23:22

Semi Pro Bunny

5161354008 | from Mi A2


waiting for it
2019-11-29 01:51:45

Advanced Bunny

Ashi_K20 pro | from Redmi K20 Pro


2019-11-29 01:56:32

Advanced Bunny

5225420091 | from Redmi Note 5


in 2021 or in between 2021
2019-11-29 02:23:17

Master Bunny

Santkal | from Redmi Note 4


nice information
2019-11-29 03:44:35
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