Phones below Rs 8,000 to help migrate 156 mn users to 5G by 2030: Study

Following the launch of a new chip by Qualcomm to bring down the cost of 5G smartphones below Rs 8,000, an analysis by Techarc suggests that the same will lead to migration of 156 million feature phone users to 5G by 2030.

“Between 2024-2030 period, we estimate the 5G widening into sub $99 segment to add $13 billion cumulatively in revenues for the smartphone industry,” the research firm said in a note on Wednesday.