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Xiaomi unveils 5G smartphone for $680, to be available 'very soon'

Samsung, which leads the market ahead of Huawei and Apple, launched a 5G phone on Wednesday which it said would be available in early summer, with a $1,980 starting price

Reuters  |  Barcelona 

Xiaomi 5G smartphone
Photo: @xiaomi

China's Xiaomi, the world's fourth-largest maker, unveiled a on Sunday that will be able to take advantage of new and faster mobile networks and cost far less than one announced by market leader last week.

Prices for Xiaomi's new offering will start at 599 euros ($679.33) when it hits the market in May, Donovan Sung, Xiaomi's global head of products, told a trade event in Barcelona, prompting gasps in the hall where it was presented.

Samsung, which leads the market ahead of Huawei and Apple, launched a phone on Wednesday which it said would be available in early summer, with a $1,980 starting price.

"We think this is one of the most competitive prices for a today and it's going to be available very, very soon," Sung said.

initially targeted Asian markets, notably India, for overseas expansion, before launching in Spain, France and Italy in late 2017.

First Published: Sun, February 24 2019. 15:54 IST
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