Lei Jun: Xiaomi aims to become the No. 1 provider of 5G phones

Xiaomi CEO Lei Jun gave an exclusive interview to China Central Television (CCTV) at the 2019 Boao Forum Asia's annual conference in Baoa, Hainan.

Ο Xiaomi president stressed, among other things, that the overall investment in research and development of 5G networks in the industry is very high today. It was also hinted that Xiaomi is aiming to become the number one 5G mobile phone provider.

As we enter the first year of the 5G era, Lei Jun says that Xiaomi should have a dominant position in the market, as it is among the first 5G mobile device providers in China. He also said that the company must remain ready to meet the demand for 5G phones for next year. They will be able to achieve this with very careful preparation and updating of the product line as soon as possible. The company is also considering ways to improve its cost / performance ratio to give more people the opportunity to have 5G phones.

Xiaomi has announced its first 5G phone, the Mi Mix 3 5G, at MWC 2019 in Barcelona last month. The phone is similar to the regular Mi Mix 3 already sold, in most specifications, including design. The difference with the 5G version is that it is powered by the 855G-enabled Snapdragon 5 chipset instead of the Snapdragon 845. The phone is expected to be available in May, but its full availability will be combined with how fast players will be available. Their 5G networks.

Lei Jun also spoke about the company's investment in research and development, revealing that Xiaomi increased its R&D investment by more than 80% last year. He noted that investment in research and development continues to grow and is expected to increase significantly this year. This increase in investment in research and development will undoubtedly lead to an increase in the technical strength of Xiaomi products. We also expect to see more innovative and even better products, just like the revolutionary Mi Mix smartphone.

For foldable phones, the CEO repeated what we already know, namely that the company is working on a concept of a double folding device. He also claimed that the company researched many folding designs, but the double-folding design emerged as the most practical for the Chinese giant. So, most likely we will see this plan become a reality on the phone that will finally be announced.

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