Huawei breaks price ceiling with Sh260,000 folding 5G smartphoneHuawei Technologies unveiled a Sh260,000 ($2,600) folding smartphone on Sunday which it said was primed for next generation 5G mobile connections, even as the United States campaigns to bar the Chinese company from such networks over security concerns. Huawei, the world’s third-largest smartphone vendor after Samsung and Apple, said it had taken the lead on developing phones for 5G - which promise super fast internet speeds for consumers and businesses - because it was also involved in developing the networks. “This phone is not only for today for 5G but also for future 5G. On all the benchmarks you can see the performance, the speed is the fastest for 5G in the world,” said Richard Yu, head of Huawei’s consumer business group. Samsung Electronics Co Ltd last week unveiled its own folding smartphone, priced at nearly $2,000, in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest amid slumping sales.

Source: Standard Digital February 25, 2019 15:33 UTC