China’s Xiaomi says plans to launch more than 10 5G phones next year

China’s Xiaomi says plans to launch more than 10 5G phones next year


China’s Xiaomi says plans to launch more than 10 5G phones next year

Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen.

According to Lei, demand for the phone exceeded the company’s expectations and led to supply chain issues. The device’s reception has prompted Xiaomi to launch 5G models for the high, middle, and low-end price tiers next year.

Xiaomi’s share price has fallen steadily this past year as China’s smartphone market grows more competitive. In September the company announced it would plan a $1.5 billion share buyback.

Read more: Manila Bulletin News

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21 October 2019, Monday News

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