Xiaomi Will launch 5G Samrtphone Less Than $142

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The co-founder of the Chinese smart phone manufacturing company Xiaomi, Lei Jun recently break a new about to launch smart phones with 5G supported technology. According to him the smart phone will cost only 1000 Yuan ($142). He further thinks that the 5G technology is no farther in future to emerge in China and it is the need of hour to introduce mobile phones with 5G technology.

Xiaomi-Lei-Jun-e

Xiaomi-Lei-Jun-e

The company also plans to launch 10 5G supported smart phones in 2020 at very affordable price tag. And company is also in consideration with the affordability and competition in the market and plans to launch 5G smart phones to maintain its reputation with up to 40-50% off at price tag.

The phone maker is equipped with a large amount of inventory to maintain healthy profits and a strong foundation for the project. China has been able to increase its average sales price (ASP) by 4.4% over the past year for smart phones. Third-quarter revenue for this year increased 5.5% YOY, gross profit increased 25.2%, and net profit increased 20.3%.

Looking ahead, Xiaomi doesn’t have much time to boast about the 5142 5G phone by 2021.





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