5G phones costing 150$ will be launched by the end of 2020

Chinese mobile phone manufacturer Huawei’s president for 5G line of product, Yang Chaobin stated that 5G smartphones valued around $150 are expected to be introduced by the end of 2020 or in very early 2021.

Huawei, along with its sub-brand Honor, has launched a variety of 5G smartphones in 2019, consisting of Mate 30 5G series, Mate 20 X 5G, Mate X 5G, Nova 6 5G, Honor V30 series.

Recently, the company revealed that it has delivered 6.9 million units of 5G mobile phones as of December 2019, in addition to providing end-to-end 5G solutions.

An estimated 5 million 5G capable smartphones were sold in December 2019 alone. It is expected that greater than 20 percent of the smartphones under $290 will certainly be 5G-enabled this year, thanks to the development of 5G network in the country

Xiaomi founder Lei Jun lately announced that company is intending to pump $7 billion in 5G, AI and also IoT over the next five years and has also revealed that the company is intending to release greater than 10 5G phones this year.

US-based investment banking and financial service company Goldman Sachs has forecasted a substantial 200 million 5G smartphone deliveries worldwide this year.

The new predicted value has about  20 times more than the sales number of 2019.