A source shared interesting data: it has provided, many Chinese companies are preparing to reduce the cost of their smartphones. It all started with the iPhone: due to low demand amid a pandemic, Apple had to reduce the cost of its smartphones. So, the iPhone 11 Pro Max became immediately available at $ 225.
According to Pan Jiutang, a partner at Xiaomi’s Industrial Investment Department, the COVID-19 pandemic has significantly affected the market for top-end smartphones in Europe and America. In addition, he said that lowering the price of the iPhone will cause a further decline in prices for Chinese models with 4G support. The current trend is the replacement of a conventional smartphone with a 5G-enabled model, which is facilitated not only by a noticeably expanded offer, but also by the expansion of coverage. Accordingly, demand is shifting from models with LTE support to models with 5G support, and if the manufacturers are not ready to attract a buyer by price, then they will simply lose the client.