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China's Realme sees budget 5G smartphones as key to global growth

CEO says company behind $148 handset will push prices lower in Europe and Asia

Realme is aiming to disrupt the 5G smartphone market with ultralow-priced handsets.   © Reuters

TAIPEI -- Chinese upstart smartphone maker Realme says it plans to introduce ultralow-priced 5G handsets to quickly expand in emerging markets and in Europe, a "key strategic region" for the company, its CEO said in an exclusive interview with Nikkei Asia.

Realme, which already offers the lowest price for a 5G smartphone in China, plans to release 5G handsets that cost less than 300 euros ($350) overseas, half the price of the least expensive 5G-compatible iPhone 12 and around one-third the price of Huawei's latest Mate 40, company founder and CEO Sky Li said.

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