China Xiaomi Unveils 5G Smartphone at $ 680



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A person discovers the new Xiaomi Mi 9 mobile phone before the World Mobile Congress (MWC 19) in Barcelona, ​​Spain on February 24, 2019. REUTERS / Rafael Marchante

BARCELONA (Reuters) – China's Xiaomi, the world's fourth-largest smartphone maker, unveiled a smartphone on Sunday that will take advantage of the new, faster 5G mobile networks and cost far less than the market leader, Samsung, announced last week. .

Prices for Xiaomi's new offer will start at 599 euros ($ 679.33) when they hit the market in May, said Donovan Sung, global product manager for Xiaomi, at a commercial event in Barcelona.

Samsung, which ranks first in the market, ahead of Huawei and Apple, launched Wednesday a 5G phone that should be available early in the summer, at a starting price of $ 1,980.

"We think this is one of the most competitive prices for a 5G smartphone today and it will be available very very soon," Sung said.

Xiaomi initially targeted Asian markets, including India, for expansion abroad, before launching into Spain, France and Italy by the end of 2017.

(1 USD = 0.8818 euros)

Reportage by Isla Binnie; edited by Jason Neely

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