China Telecom: to Launch 5G Mobile Phones Less than RMB2000

Sources from China Telecom, China Telecom would cooperate with key manufacturers to launch 5G mobile phones with a price less than RMB2000 in the first half year of 2020. It was indicated from data that in 2020, about 170 million mobile phones would be replaced by 5G mobile phones in the whole industry, with 60 million mobile phones from China Telecom.

According to the domestic media investigation, as many as 92.4% of consumers know about 5G mobile phones, among whom 67.8% of consumers are willing to replace old ones with 5G phones. For 5G, consumers are mainly concerned about its speed rate and looking forward to more application scenarios.

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