The "first 5G handset in India" from Chinese smartphone maker, Realme, is likely to be priced around Rs 50,000 apiece, a company official said on Wednesday.
Realme, the Chinese company and subsidiary of BBK electronics that came into existence in 2018, is all set to become the first brand to unveil 5G ready smartphone in India on February 24, even though the "network is not available in the country", he claimed.
"Realme 5G handset will be powered with 865 snapdragon chipset and available at around Rs 50,000," an official, who did not wish to be identified, told PTI.
A leading website, which compares mobile phones, estimates that the price of 5G smartphone handset with a lower chipset version could be available at Rs 25,790 per unit.
The company wants to offer future-ready products and people, who travel aboard, can use the handset as the technology is available in many developed countries, the official said.
The X50 Pro 5G handset will be launched simultaneously in Spain and India by Realme after the world's largest mobile trade show, World Mobile Congress 2020, was cancelled due to outbreak of coronavirus.
iQOO 3, a new smartphone brand from China, is also likely to announce its 5G phone on February 25.
However, there is no existing 5G network in India for the faster new handsets to connect to. Estimates of when 5G could roll out in the country range from 2021 to several years from now.
