China's Realme aims to double smartphone shipments in 2020 to 50 million

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China's Realme aims to double smartphone shipments in 2020 to 50 million
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Chinese smartphone maker Realme shipped 25 million phones in 2019 hopes to ship ...

SHANGHAI - Chinese smartphone maker Realme shipped 25 million phones in 2019 hopes to ship 50 million in 2020, the company said on Tuesday at an event announcing its first 5G device.

Realme’s X50 5G device is priced at roughly 2499 yuan for the cheapest variant, marking a lower cost mid-range entry in the recent spate of 5G devices released by Chinese brands. The 5G smartphone wave comes as China rapidly upgrades its telecommunication infrastructure to include 5G base stations. As of late November, China had 113,000 base stations in service, according to state media reports.

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