Xiaomi's CEO sees 5G launch boosting China's moribund smartphone market
In a chat with Bloomberg, Lei Jun says that the launch of 5G in China will produce a revival in demand for handsets in the country. Lei says that once 5G becomes popular, new smartphone sales in China will once again take off. The executive also expects the coming 5G launch to boost demand for Xiaomi's online services, including its streaming music and movies offerings. Besides offering consumers faster data speeds, 5G is expected to lead to many new innovations in transportation, health care and business.But the co-founder and CEO of Chinese smartphone producer Xiaomi sees better times ahead.
Sometime early this year, Xiaomi will release its first 5G phone. This is expected to be a revamped version of its new flagship model, the Mi Mix 3. Besides supporting the next-generation of wireless connectivity, this version of the Mi Mix 3 will be powered by Qualcomm's new Snapdragon 855 Mobile Platform and could include 10GB of RAM. The current version of the phone has the Snapdragon 845 chipset under the hood, and employs up to 8GB of RAM.
Xiaomi still has not yet made that long rumored entry into the U.S. market. Last summer, there was talk that this could take place in 2019. However, this might not be the best time for a Chinese smartphone manufacturer to debut in the states. Huawei and ZTE have been labeled national security threats by the U.S. government, and the U.S.-China trade war is continuing. We wouldn't be surprised to see the company back off from entering the U.S. market until a better environment for such a move presents itself.