LG is expected to launch affordable 5G smartphones later this year. In its second quarter 2020 earnings report, the company spoke about strengthening its ODM strategy and releasing devices that can be realized in more markets.
The financial report for the second quarter of 2020 shows that LG is significantly affected by the coronavirus epidemic. LG's smartphone sales decreased 19% year over year. After the supply chain stabilized and the lock-in measures relaxed, it rose by 31% compared to the previous month, particularly in markets such as the United States and Europe. The introduction of the LG Velvet also contributed to the increase in sales during this period.
LG executives said the company's mobile communications (smartphones) department is working hard to increase the profitability of its business and become more competitive in the current market. LG can bring out $ 100 to $ 200 5G smartphones in markets like the U.S. or China.
In addition, LG is already negotiating with chip manufacturers and ODMs to bring 5G smartphones to the mass market, which will help spread 5G-enabled devices. The company also hopes to launch affordable 5G devices in markets such as South Korea and the United States in the second half of 2020. However, the exact release date and model number are currently unclear.
The cheapest 5G smartphones
When When we talk about affordable 5G smartphones, we should remember some models that are already on the market or will be coming soon. Among them, we should pay attention to the Redmi 10X. It uses the Dimensity 820 SoC. This chip not only supports 5G + 5G dual card dual standby, SA, NSA dual mode 5G, but also 5G dual carrier aggregation.
His performance at AnTuTu goes far beyond any current mid-range smartphone on the market. The MediaTek Dimensity 820 achieved 415,672 points on AnTuTu. This score is comparable to the Qualcomm Snapdragon 855 SoC from 2019, which achieved 445,343 points. This processor is based on the 7 nm process technology. It uses 4 × Cortex A76 (2.6 GHz) + 4 × Cortex A55 (2.0 GHz) and a Mali-G57 MC5 GPU.
The starting price of the Redmi 10X is 1,599 yuan (USD 224).
The cheapest 5G smartphone from Huawei is considered the Huawei Enjoy Z 5G. It comes with the same chip as the above model.
OPPO has decided to go further and will introduce the new production smartphone called Realme V5. It runs on the Dimensity 720 5G chip and costs 1,699 yuan ($ 245).