The business explains that because the upgrade cycle is around 2 years, buying a 5G phone now implies that youll get to use it on a 5G network prior to you carry on to the next design. According to a report by Ericsson (which is working with Indian providers to build out their networks), 26% of mobile subscribers in the country will use a 5G network by the end of 2026.

Realme desires to make 5G phones cost effective and previously this year it stated that all of its phones costing INR20,000 and above ($270/EUR225) will work with next-gen networks. Now the business has actually revised that figure down to INR 15,000 ($200/EUR170).

There will be high-end models too, with multiple Realme GT phones set to introduce in India this quarter. The Realme GT 5G will get here before Diwali and the recently-launched X7 Max 5G is a variation of the GT Neo.

The company has already found success in its venture– according to Counterpoint Research data, Realme is the # 1 5G smartphone brand in India where it held 28% of the marketplace in May.

Realme has actually committed $300 million over 2 years to develop its 5G offerings. In reality, 90% of the R&D budget goes to 5G products.

While Indias first 5G network is still in the testing stage, Realme has determined 5G as a growing trend– the business prices estimate Google information that says 5G-related searches have actually increased 70% between May 2020 and May this year, YouTube searches are up 115%.

This is already happening as the Narzo 30 5G that launched a couple of weeks ago expenses INR 16,000. And it is not the bottom either, Realme is working on establishing 5G phones costing less than INR 10,000 ($135/EUR115).