A Nokia 5G phone is coming this year at 'half' the price of what's in the market today

A Nokia 5G phone is coming this year at ‘half’ the price of what’s in the market today

HMD Global is just the latest phone manufacturer to join in the 5G craze. The company is said to launch a 5G-ready this year, at a very reasonable price than what its competitors are offering.

Speaking to Digital Trends, HMD Global will attempt to cut through the 5G trend with its Nokia-branded smartphone. And just like its previous smartphone launching, you will find that its price tag is almost as ‘half’ than its rivals.

5G smartphones in the market today

The most affordable 5G in the U.S. right now is the Moto Z3 or Moto Z4, paired with the 5G Moto Mod. Its 5G data only works when you snap the mod back on the phone which would be a bulky combo. Well, to some it would not be a pretty sight to see.

The Moto Z3 paired with the 5G Moto Mod is Verizon-exclusive and will cost you around $800 at full retail price. However, through promotions, one can get one at $500. HMD Global suggested that the company might launch a 5G smartphone that is within a $600 price range.

A Nokia 5G smartphone that is half the price of what's in the market?
A Nokia 5G smartphone that is half the price of what’s in the market?

HMD Global chief product officer Juho Sarvikas said that the company saw an opportunity in “bringing 5G to a more affordable segment as we enter the market.” Furthermore, Sarvikas said that HMD is “working closely” with silicon vendors, which is most likely Qualcomm.

I would say affordable in relation to what’s available today. I would love to see us at half of the price where you have 5G today.

But as many as there are 5G devices out there, it won’t matter if there are no carriers to support it. HMD said it is also in the talks with major carriers in the US, which is crucial to bringing a 5G smartphone in the market. Currently, there are no unlocked 5G devices yet,

Also, unlike 4G devices, 5G phones are not interoperable. This means if you purchase the Galaxy S10 Plus in Verizon then decided to switch to Sprint, you will have to get Sprint’s version of the Galaxy S10 Plus.

Expect that this will still be the case for many 5G devices to come this year. So, it will be likely that the Noki 5G will also be locked to a carrier.

A budget-friendly 5G smartphone

Huawei and MediaTek are also working on an affordable 5G smartphone
Huawei and MediaTek are also working on an affordable 5G smartphone

HMD has a reputation in capturing attention through nostalgia. Surely, we are moving past the 4G era and moving on the next. If the company can manage to create a product that provides 5G data at a very much lower price, then, it could be a game-changer.

However, there are also other competitors at play and planning on releasing low-budget 5G devices. For example, Huawei and MediaTek are working on a low-budget 5G device, although it is very unlikely that it will be sold in the US.

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