Realme To Introduce Low Cost 5G Smartphone Next Year, Invest Rs 2,100 Crore in R&D

- Advertisement -
- Advertisement -

The company will set up seven 5G R&D centres to support the global adoption of 5G products

(Image Courtesy – RealMe website)

Smartphone manufacturer Realme expects to bring a 5G smartphone for less than Rs 10,000 in the upcoming year, said a top official, adding that the company is also looking to reduce the smartphone’s cost to around Rs 7,000 in the future. 

The company will also invest over Rs 2,100 crore (USD 300 million) on research and development globally on 5G and set up seven R&D centres at different locations, including in India, revealed Realme Vice-President and CEO (India and Europe) Madhav Sheth. 

- Advertisement -

This development follows Reliance Jio and Google’s announcement to jointly introduce a low cost 5G smartphone in the country.  

While speaking at a 5G summit, Sheth added that after 3-4 years of development, Realme believes that 5G smartphone development has entered the 2.0 era where the devices have become affordable compared to the 1.0 era when 5G was limited to high-end flagship devices at a high price.

5G smartphone price will go down with more development and will be available in the mid-range and entry-level segments.

“In future, Realme will also like to democratise by launching 5G smartphones around USD 100 (around Rs 7,200),” Sheth said.

Sheth informed that the company will also expand its 5G portfolio.

Sheth said that in 2020, Realme launched about 14 products in 22 markets, accounting for about 40 per cent of its portfolio. By 2022, the number of 5G products will reach above 20 accounting for 70 per cent of all Realme product models across markets.

Sheth said Realme has dedicated 90 per cent of its R&D resources for 5G and will continue to focus on innovation in the next generation technology space.

“In the next two years, we will invest a significant amount of USD 300 million globally in research and product development based on the 5G technology.

The company will set up seven 5G R&D centres to support the global adoption of 5G products, which will be opened in China, western Europe, Eastern Europe, Southeast Asia, India, Middle East, and Latin America.

“Realme will be leveraging these seven R&D centres this year and will take lead in carrying out 5G network pilot programmes in 10-15 markets in preparation for 5G product launches,” Sheth said.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...