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| The prices of 4G phones are expected to decrease significantly in the coming months |
Ban Jiotang, a partner of Xiaomi Industrial Investment, said that the price of Android 4G phones will decrease significantly in the coming months.
Geotang attributed the expected decline to several factors, such as the sharp fall in mobile phone prices in China (iPhone 11). So Chinese phone companies hope to stay competitive with the iPhone 11 low.
With the country's rapid 5G network development and the increasing number of mobile phones supporting this technology, the fourth generation of mobile phones will be less attractive to users as they can get mid-range phones compatible with 5G or even get iPhones at a cheaper price.
The third reason for the drop in prices is the rise in the Corona Virus (COVID-19), which led to the stagnation of the smart phone market in important markets such as Europe, North America and South America. So it is extremely important for these companies to maintain this competitiveness.
The reason why Apple may lower the price of the iPhone 11 series in China is because sales are not so high under the influence of the epidemic. The company is expected to release the next generation of iPhones later this year.