Author: Tronserve admin
Sunday 25th July 2021 04:18 AM
Xiaomi Is Planning To Release 5G Smartphones In 2020
Xiaomi is preparing to ramp up its 5G device portfolio by introducing over 10 5G smartphones in 2020, company CEO Lei Jun revealed during his speech at the World Internet conference in Wuzhen, China.
Commercial 5G networks are yet to launch in China. But, the Xiaomi head remarked (via Reuters) that demand for its first 5G smartphone in China, the Mi 9 Pro 5G, has already exceeded the company’s targets. On the back of this strong demand, the Chinese firm revealed that it will launch 5G smart phones in the premium, mid-range, and low-end price segments next year.
While China is poised to have 9 million 5G subscribers as soon as services go live in the country, the number of 5G connections worldwide are forecasted to reach 1.4 billion by 2025.
“People in the industry fear that next year 4G models won’t sell,” said Jun.
Apart from that launching the 5G-enabled Mi 9 Pro in its domestic market last month, Xiaomi already sells the Mi Mix 3 5G in Europe. Its new smartphone with a wraparound display, the Mi Mix Alpha, also supports 5G networks and is set to launch in China early next year.
Xiaomi, Huawei and the China factor
Plainly, Xiaomi is seeking to cash in on the 5G gravy train. Its bold move to launch 10 new 5G phones comes on the back of its decreasing market share in China. In accordance with market research firm Canalys, Huawei has picked up steam in China, while Xiaomi saw dropping shipments across 2019. The ballooning sales of Huawei devices in China has been attributed to patriotic demand for the brand due to its recent US ban.
Nonetheless, Xiaomi’s presence in areas like India and Europe remains to stay strong. Whereas India is not a 5G-ready market right now, Europe is, and Xiaomi is capitalizing on Huawei’s falling standing in the region. In spite of this, Huawei has also promised that it will up its 5G device portfolio for 2020. The company recently announced it will probably launch more affordable 5G smartphones next year. Clearly, competition between Xiaomi and Huawei is not about to subside anytime soon.