Currently, the price of 5G smartphones is still very high. The CEO of Xiaomi, Lei Jun, said all Xiaomi phones released in the first half of 2020 will come with a minimum price of US $285 or more and equipped with a 5G connection. USD 285 if converted to around N103,000 naira. The Mi 9 Pro 5G mobile phone is already launched as the first Xiaomi device around $520 price tag with a 5G connection. Lei previously said it was ready to launch more than 10 5G smartphones next year. Xiaomi plans to release a 5G model for the entire market from high end to low end. “People in the industry are worried that next year the 4G model will not sell, so this (5G phone) is indeed a step that there is no choice, must be taken,” said Lei. “So we hope operators can accelerate their expansion regarding the 5G BTS,” he added. At the time of the release of Xiaomi 9 Pro 5G with a price of USD 520 which is called the cheapest 5G phone, Lei still feels unhappy. He felt the price was still too expensive, even though it had been lowered from the original price plan. “We originally planned to sell Xiaomi 9 Pro 5G higher, but we want to subsidize consumers so that more people have the opportunity to try out 5G phones,” he said at the launch event.
