Select City

    By Varushi Yadav | 
    Updated: 11th May 2022 17:45 IST

    Table Of Contents

    • 1
      Realme Affordable 5G Phones

    Highlights of the Story

    • Realme may not launch a 5G phone priced under Rs 10,000 this year.
    • Realme’s Madhav Sheth has said that lengthening the smartphone refresh cycle from 18 months to 24-30 months will continue to impact the growth of the market.
    • Realme confirmed that it is working on lowering the 5G phone prices without compromising on specification and performance.

    Realme is well-known for phones priced around Rs. 25,000, and after a brief hiatus, it has returned to the premium segment with the Realme GT 2 Pro. Even though there are options under Rs. 15,000 in the country, the company believes it will be difficult for the market to bring sub- Rs. 10,000 5G smartphones this year. According to Realme India’s CEO, the longer smartphone refresh cycle will continue to have an impact on market growth throughout the year.

    Also Read: This Pocket-Friendly Realme Smartphone Is Finally Launched

    The company’s top executive has stated that it is working to reduce the price of 5G phones while maintaining specifications and performance. However, no specific date for the release of the first affordable 5G phone has been specified, but it will not be available this year.

    Realme Affordable 5G Phones

    Realme 5G Phone

    The company’s top executive has stated that it is working to reduce the price of 5G phones while maintaining specifications and performance. However, no specific date for the release of the first affordable 5G phone has been specified. It will not be available this year.

    Also Read: Realme GT Neo 3 Launch Set: Know Everything Here

    When asked if India would see 5G smartphones for less than Rs. 10,000 after the spectrum auctions, Sheth said that while prices are dropping, bringing a 5G phone for less than Rs. 10,000 will be difficult. “We can’t expect any company to release phones for less than Rs. 10,000 this year.” “We can see the democratization of 5G technology next year, as we have already seen,” Madhav said.

    The top executive went on to say that 5G should not be viewed as a marketing tool, but rather as a reason for consumers to upgrade. Concerning supply chain issues, Sheth stated that the demand-supply gap is narrowing and is “much better than before.”

    Replacement cycles have lengthened, resulting in a narrowing of the supply and demand gap. If the entire life cycle is extended by six months, you will have a six-month inventory to help you bridge the demand-supply gap.

    Also Read: Realme GT 2 Pro To Go On Sale Today: Know Details Here

    According to the Realme executive, increasing the smartphone refresh cycle from 18 months to 24-30 months. It will continue to impact market growth and will be visible in the April-June quarter. The consumer demand outlook for 2022 remains cautious, according to Navkendar Singh, Research Director, Client Devices & IPDS, IDC India.

    “IDC expects 2Q22 to be muted as well. While smartphone supplies gradually return to normal, Navkendar explains. This results in a slower 1H22 compared to 72 million shipments in 1H21.”

    Despite falling to third place according to IDC. Realme is the only vendor in the top 5 to have grown by 46 per cent year on year. It has the lowest ASP of $142. Thanks to the C-series offerings, it maintained its second place in the online space with a 23 per cent share in 1Q22. According to the CEO, the company’s smartphone business will drive by two areas of focus: 5G and the premium category.

    Also read: Find My iPhone: Here’s How To Use Find My App

    “More than half of our portfolio is 5G. Whereas other brands are still struggling with about a quarter of their portfolio.” We are considering 5G leadership. Volumes may appear to be smaller, but we have grown 550 per cent since the previous GT series. Every GT series we launch sees phenomenal growth, which motivates us to launch more products. “We’re going premium even though we want to fill our entire portfolio,” Madhav Sheth explained.



    Comments

    Featured Videos

    • iPhone 11 Pro Vs iPhone 12 Pro Vs iPhone 13 Pro: Camera Comparison
      We’ll discuss the camera quality of iPhone 11 Pro Vs iPhone 12 Pro Vs iPhone 13 Pro here. The iPhone 13 Pro’s A15 Bionic processor produces more consistent and quicker shots. In the 11 Pro and even the 12 Pro, there was a frequent lag between hitting the button and taking the photo. You’ll get the iPhone 11 Pro at ₹79,999…
      29th Jul 2022
    • Nothing Phone 1 Vs iPhone 12 Vs OnePlus 9RT Camera Comparison
      Everyone is eagerly waiting to know about the camera specs and quality of the newly launched Nothing Phone 1. Also, most of us are well aware of the camera quality of the other two phones. Nothing Phone 1’s lowest price currently available is Rs. 31,999, whereas the OnePlus 9RT 5G is listed at Rs. 42,999, and iPhone 12 costs Rs.…
      29th Jul 2022
    • Nothing Phone 1 First Impression: Know All The Key Features Here!
      In 2022, most of the smartphone launches were boring. But with the much-hyped Nothing Phone 1 launch, the revolution in the smartphone industry took place. Also, the Nothing Phone 1 is the first smartphone produced by Nothing, a technological organisation established by Carl Pei, who was also a co-founder of OnePlus. Furthermore, the Phone 1’s…
      28th Jul 2022
    • POCO F4 Vs iQOO Neo 6 Comparison – Which One To Buy In India?
      In this article, the POCO F4 Vs iQOO Neo 6 are compared. Both smartphones are excellent. But one is superior to the other. On June 23, 2022, the POCO F4 5G was made available. The iQOO Neo 6 launch was on May 31, 2022. The price of the POCO F4 5G is Rs. 27,999. The cost…
      28th Jul 2022
    • iPhone 13 in 2022 – Should You Buy or Wait for iPhone 14?
      The iPhone 12 mini, iPhone 12, iPhone 12 Pro, and iPhone 12 Pro Max are still in excellent condition, and Apple’s flagship iPhone 13 series devices are wonderful, but some of you might want to wait for the iPhone 14, which is likely to launch at the end of 2022. We know the iPhone 13 has great…
      22nd Jul 2022

    You May Also Read

    Google Mobile Phone Price List
    Google Mobile Phone Price List
    Google has been creating Android which runs almost all the phones ever since Android publically came out into the market. However, after revolutionising the entire smartphone market, Google started creating its own smartphones and entered the flagship segment with the finest and refined variants from the brand in the Google Nexus Series. However, the series…

    New Launches

    OPPO A77 2022
    OPPO A77 2022
    Starting from:
    ₹18,999
    Nokia 8210 4G
    Nokia 8210 4G
    Starting from:
    ₹3,999
    I Kall Z3 New
    I Kall Z3 New
    Starting from:
    ₹6,999
    OnePlus 10T 5G
    OnePlus 10T 5G
    Starting from:
    ₹49,999
    Snexian Bold 8K
    Snexian Bold 8K
    Starting from:
    ₹1,249
    Snexian Bold 5K
    Snexian Bold 5K
    Starting from:
    ₹1,249
    iQOO 9T 5G
    iQOO 9T 5G
    Starting from:
    ₹49,999