02 September 2019
5G is set to be the future of mobile internet connectivity and we have even started to see a few 5G capable smartphones already. Samsung's Galaxy Note 10 5G and LG V50 ThinQ 5G are two of the most well-known models but all of them come with steep pricing. It means they are well out of reach for the majority of the buyers and this is exactly what HMD Global wants to change.
Juho Sarvikas, Chief Product Officer for HMD Global, has said that they are working on releasing affordable 5G phone next year. He shared details about the plan in a conversation with Digital Trends. If you are wondering how affordable this particular Nokia 5G phone will be, then the answer is it will likely be almost half of what the current 5G phones cost.
Here is Sarvikas' official statement:
“We see a particular opportunity for us in bringing 5G to a more affordable segment as we enter the market. I would say affordable in relation to what’s available today. I would love to see us at half of the price where you have 5G today.”
It simply means that the affordable Nokia 5G smartphone will cost around $500-$600 which is definitely a lot more affordable than the competition. If we talk about the likes of Samsung and LG phones with 5G network, these cost over $1,000 which means not everyone can afford them.
It is worth noting that Nokia's 5G phone will be making its debut in the U.S. with no information regarding other markets. But since Sarvikas has already confirmed plans for the phone, we should be expecting more details in the future.