Realme announced the company’s initiatives to increase the overall availability of 5G connectivity. At an event, the company announced that it will establish 7 different R&D centers.
Smartphone manufacturer Realme, together with the GSM Association, Qualcomm, and Counterpoint Research, announced plans to bring 5G connectivity to users. The company said it aims to reach 100 million people within three years of using the 5G-capable Realme smartphone.
Realme said they aim to increase the scope of use of 5G and are working to produce affordable 5G smartphones in line with this context. The company wants to bring users a 5G-enabled smartphone with a price tag of around $100 over the next few years.
Speaking at the event, Madhav Sheth, CEO of Realme in India and Europe, said: “We believe that helping to accelerate the adoption of this new technology in the age of 5G is a very important task for Realme. We will work hard to help expand 5G by listening more to the needs of consumers, advancing product innovation, and creating a broader 5G ecosystem with our industry partners.”
Realme will be developing 5G products with a budget of about $300 million. In addition, the company will establish a total of seven 5G R&D centers in Asia, Europe, Africa, and South America. By 2022, the smartphone manufacturer aims to increase the number of 5G devices to over 20%, thereby increasing the 5G device ratio to 70% compared to all its products in 50 different markets.