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5G smartphones set to cost over 8,000 yuan

5G smartphones set to cost over 8,000 yuan

The first batch of 5G smartphones will be priced above 8,000 yuan ($1,163), as more than 30 pre-commercial 5G devices are likely to hit the market next year, China Mobile forecast on Saturday.

But as the fifth-generation mobile network is officially commercialised in 2020, the prices of 5G smartphones are likely to fall considerably, with the most inexpensive one reaching about 1,000 yuan, China Mobile added.

According to the Beijing-based company, it will test the first batch of prototype 5G smartphones made by Huawei, Xiaomi, ZTE, Vivo and Oppo in the first quarter of next year.

The above companies aim to bring useable 5G smartphones to the market as soon as possible, even eyeing the first half of next year at the earliest.

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