Realme CEO Madhav Sheth said that Realme cell phones supporting fifth-generation networks cheaper than $130 are unlikely to appear anytime soon.
The top executive said that Realme is working hard to lower the price of 5G-enabled phones. Moreover, the company will not reduce the features and performance of these devices. It is not yet known exactly when the company will release its first affordable 5G phone, but it is unlikely to happen this year.
In an interview with ET, Madhav Sheth said that Realme wants to build more affordable 5G-enabled devices. The company wants to become the leading supplier of 5G equipment in India and other parts of the world. For now, however, there is a shortage of chips in the industry.
He believes that the emergence of 5G-enabled smartphones in India, priced under $130, is likely as early as next year. He also does not support the idea of using 5G as a marketing tool. Instead, he believes that 5G should be a reason for consumers to switch their old phones.
Finally, he added that the smartphone upgrade cycle has recently increased from 18 to 24 to 30 months.