The first set of 5G smartphones were quite expensive but global 5G smartphone ASPs have plunged by almost 50% in the past year. 5g smartphone prices

2019 saw the first wave of 5G phones launch in various markets, with $1000+ price tags from the likes of Samsung and LG. But we also saw Xiaomi launch the Mi Mix 3 5G and Mi 9 Pro 5G, starting below $700.

Cheaper components and a flood of lower-cost models from China are driving down prices. Huawei, Xiaomi, Qualcomm, MediaTek and others lead the way.

“So I think the pricing in the device segment will gradually come down to maybe, as low as 2,000 yuan (~$291), maybe in the range of $250 to $300″, said Yenchi Lee, MediaTek’s senior director for smartphone chipset product planning.

While Huawei is dominating the high-end market, the next few months could see a further surge in interest should Apple launch its own 5G device on time. Apple is somewhat of a status symbol in China (or it has been traditionally) and the release of 5G devices could see consumers flock to the stores in China, as well as all over the world.

According to the “2020 Terminal Product Planning and 5G Product White Paper” previously issued by China Mobile, in the second quarter of 2020, there will be a 5G terminal with a price of 2,000 yuan ($286). At the end of 2020, the price of 5G mobile phones will drop to 1,000 – 1500 yuan ($143 – ($215). 5g smartphone prices

How much are you willing to pay for a 5G smartphone?

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