Chinese smartphone maker Realme wants to be among the top 5G smartphone makers in the world. For this, the company is constantly working towards manufacturing new 5G smartphones. At the same time, Realme announced on Thursday that the company would launch a new 5G smartphone by next year at a price of less than Rs 10,000. It is also planning to offer the 5G smartphone for Rs 7,000.
The company will invest 2,100 crores in the research and development of 5G smartphones, said Madhav Sheth, VP and CEO of Realme India and Europe. It will open research and development centres at different locations around the world, including India.
"We believe that in the 5G era, helping to accelerate the adoption of this new technology is a crucial mission for Realme. We will work hard to help popularize 5G by listening more to consumers' needs, pushing forward product innovation, and helping to build the broader 5G ecosystem with our industry partners. -Madhav Sheth
Entry-level and Mid-range Smartphones
Madhav Sheth said that in the next 3 to 4 years, Realme would enter second-generation 2.0 of 5G smartphones, where 5G smartphones will be cheaper than before. For this, the company will expand its 5G portfolio. Sheth said that 5G smartphones would be available in the mid-range and entry-level segments soon. He said that in the year 2020, Realme launched about 14 products in 22 markets, 40 per cent of its portfolio. The number of the 5G products of Realme is expected to increase by 20 to 70 per cent in the year 2022. All these products of Realme will be available in the worldwide market.
Realme will invest heavily in 5G
Rajen Vagadia, VP and President of Qualcomm India and SAARC, said that telecom companies would launch 5G networks as soon as possible with the 5G smartphones in countries like India. 5G services are already available in most parts of India. The reason is that the customers know that 5G will provide great gaming and camera experience. In the next two years, the company will invest $300 million globally in developing 5G technology.