5G Phones Will Cost Less Than USD300 by End of 2020, China Telecom Exec Says
Chen Juan
DATE:  Aug 17 2019
/ SOURCE:  yicai
5G Phones Will Cost Less Than USD300 by End of 2020, China Telecom Exec Says 5G Phones Will Cost Less Than USD300 by End of 2020, China Telecom Exec Says

(Yicai Global) Aug. 16 -- Smartphones with fifth-generation connectivity could cost as little as CNY2,000 (USD284) by the end of next year, according to an executive at one of China's big three state-owned carriers.

The market for 5G phones will surge and there will be more than a dozen handsets available by the end of this year, NetEase cited Lu Liangjun, deputy general manager of marketing at China Telecom, as saying in Beijing today. Prices will range between CNY3,000 and CNY10,000 by the end of 2019, he added.

Telecoms equipment titan Huawei released its first 5G handset in China -- the Mate 20 X 5G -- priced at CNY6,199 (USD880) today. More than a million people pre-ordered the phone.

Rivals ZTE and Oppo have also launched 5G devices priced at around CNY5,000.

Editor: James Boynton

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Keywords:   5G,Smartphones