On June 6, it was reported that this morning, the Ministry of Industry and Information Technology issued 5G commercial licenses to China Mobile, China Telecom, China Unicom and China Radio and Television. Huawei has previously announced that Mate 20 X and Mate X are its first 5G smartphones. Now there are signs that its sub brand Glory will also launch 5G products this year.
Zhao Ming, president of Huawei Glory Business Department, said in an interview in Shanghai that they were ready to launch 5G mobile phones in the fourth quarter of 2019. Apart from the new generation mobile network, there is little information about other functions of this device. It is said that it will be cheaper than Huawei's similar products. Glory focuses on online sales. Its target customers are young people with tight budgets, so it is normal for prices to be low.
Zhao Ming revealed that Glory hopes to increase the revenue of overseas markets to about 50% of the total revenue in the near future. Due to the limited practicability of 5G network at present, the company's first 5G product may play a small role in this goal, which means that most of the revenue comes from the sales of 4G equipment.
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