Wuzhen, China: Chinese smartphone maker Xiaomi Corp plans to launch more than ten 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. Last month Xiaomi launched the Xiaomi Mi 9 Pro, the company’s first 5G-enabled phone for the domestic market. The device’s reception has prompted Xiaomi to launch 5G models for the high, middle, and low-end price tiers next year. Xiaomi’s share price has fallen steadily this past year as China’s smartphone market grows more competitive. In the second quarter of 2019, Xiaomi occupied 11.8% of China’s smartphone market, down from 13.9% one year prior according to research firm Canalys.

Source: Mint October 20, 2019 10:01 UTC