On December 2, CEO of Chinese smartphone brand Realme, Li Bingzhong, said that next year the company will only release 5G devices, calling curtains on the age of 4G. He also said that the company will cover the multiple price points, from phones starting at 1000 yuan, to the high end flagships, in order to popularize the next generation wireless technology.
Last week, the company announced their first 5G device, the X50. Realme has been consistently growing in popularity, ranking 7th in global smartphone shipments during the third quarter of 2019. The company intends to be the first brand to release dual-mode 5G devices in multiple price segments, increasing the accessibility of 5G in the Chinese market.
Realme is looking to make 5G devices affordable given that many of the current handsets on the market supporting 5G exist in the premium segment. The company broke into the Chinese market in 2019, and is looking to increase its market share with the implementation of this 5G strategy.
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