In terms of 5G commercialization, South Korea is clearly ahead for now because it started a couple of months earlier. However, it wouldn’t be tops for long because China and the US are not far behind. Recently a couple of 5G smartphones have been released for different and their prices vary widely. However, between China, South Korea, and the US, which is doing better with pricing?
Let’s take a look at the 5G smartphones currently available in China:
- Axon 10 Pro 5G version – 4,999 yuan ($699)
- Huawei Mate 20X (5G) – 6,199 yuan ($866)
- Samsung Galaxy Note 10+ 5G – 7,999 yuan ($1,118)
- iQOO Pro 5G version – 3,798 yuan ($531)
South Korea, is the first country in the world to start 5G large-scale commercial use. Although there are many 5G users, the first batch of 5G mobile phones is priced at more than 10,000 yuan ($1,398). In addition, the tariff for the Korean 5G package is also very expensive, and the lowest price is about 300 yuan ($42).
As for the US, we have the likes of Samsung Galaxy Note 10 5G, Galaxy S10 5G, LG V50 ThinQ 5G, and Lenovo Moto Z. The cheapest is LG V50 ThinQ 5G which sells for $999.
Looking at the prices, China’s 5G mobile phone price or 5G traffic is the lowest globally. However, the price of 5G smartphones is expected to decline with time. By next year, there are speculations that we will have 5G smartphones for less than $300. However, for now, China remains the cheapest place to get a 5G smartphone.