Realme GT 5G to Launch Globally in June, Company Planning $100 5G Phone: CEO Madhav Sheth

0
26

Realme GT 5G flagship smartphone will debut globally in June, Realme India and Europe CEO Madhav Sheth revealed at the company’s 5G summit on Thursday, June 3. The Chinese company could also be planning to launch a 5G phone at a price of around $100 (kind of Rs. 7,300) sooner or later to grow its market presence. By 2022, Sheth said that Realme is set to expand its 5G phone portfolio to over 20 models — accounting for 70 percent of its overall portfolio. The company had 14 5G phones in 2020, which is 40 percent of all its products to be had out there.

In March, the Realme GT 5G was once launched in China with a Qualcomm Snapdragon 888 SoC and a starting price of CNY 2,799 (kind of Rs. 31,900). It kind of feels to be the mannequin that is coming to the global markets in June. Realme has already teased its launch in India.

To expand its market with more 5G phones, Realme is restructuring its product portfolio and making the Realme GT a flagship phone series, the company revealed at its virtual 5G summit.

“In the 5G product matrix, the number series would be the pioneer of Realme’s 5G entry into the market, while the Narzo series will leverage 5G technology to deliver highly optimised 5G gaming experiences to gaming enthusiasts,” said Sheth. “At the same time, all through the dynamic 5G 2.0 era, the Realme GT series will serve as Realme’s new flagships with innovations around high performance and image, respectively.”

Realme GT series will comprise 5G flagships
Photo Credit: Realme

 

Sheth also stated that there are plans to cause a camera-focussed flagship under the Realme GT series in July. Then again, specifications of the new phone are yet to be revealed.

Realme is aiming to have 100 million 5G phone consumers inside the next three years. To meet its aim, the company has plans to set up over 10 5G pop-up stores all over the world in 2021 where its potential customers will be capable of experience 5G through cloud gaming, augmented reality (AR) use cases, and live broadcasting, among other new applications.

The company could also be set to set up seven 5G R&D centres across the globe in 2021. One of them will be in India. Further, Realme has plans to invest $300 million (kind of Rs. 2,189 crores) globally in 5G technology research and product development.

“By the end of final year, we saw some highly competitive 5G products offered at affordable prices in China, with Realme being the most aggressive with its V3 5G selling at around $145,” said Peter Richardson, VP & Research Director, Counterpoint Research, in a prepared remark.

Top stories / News / Tech / Gadgets

LEAVE A REPLY

Please enter your comment!
Please enter your name here