Chinese Startup Launches Smartphone That Charges Fully in 9 Minutes
- The new GT3 from Realme, a Chinese phone manufacturer, gets fully charged in 9 minutes and 30 seconds
- The company unveiled the smartphone at the Mobile World Congress in Barcelona
- The price of the GT3 starts at N301,135 or $649 and targets the low-margin markets
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On Tuesday, February 28, 2023, Chinese smartphone manufacturer, Realme launched a phone it claims gets to full charge in 9 minutes and 30 seconds.
Realme unveiled its GT3 smartphone at the biggest trade show in the world, the Mobile World Congress in Barcelona.
Source: Getty Images
Realme seeks to compete with Xiaomi and Oppo
The company wants to grow its business outside China and joins other Chinese firms targeting overseas markets.
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The GT3 price starts at N301,136, making it highly competitive with other smartphone makers such as Xiaomi and Oppo, which offer low-cost gadgets with high specs.
Experts believe the company is pursuing the market's low-end margin segment by giving competitively priced products aimed at value seekers.
CNBC reports that to increase its market share abroad, the firm launched GT2 and GT Pro in Europe in 2022. But the global smartphone market has suffered some drag amid shipping challenges.
Firm moves to expand shipments to overseas markets
Realme’s CEO, Sky Li, said in 2022 that the firm intends to sell 85 million phones globally. The company is yet to release updated numbers, but data from Strategy Analytics, a market research company, estimates that Realme shipped 52 million smartphones in 2022.
Experts say the company’s shipments in Europe declined 44 per cent year-on-year in the Q4 of 2022. The company’s market share dropped to 4 per cent from 6 per cent in the same period in the same period in 2021.
Chinese phone manufacturer Xiaomi challenges Apple and Samsung with N756,000 phone
Legit.ng earlier reported that Chinese phone maker Xiaomi launched its iconic smartphone globally on Sunday, February 26, 2023, attempting to sink its teeth into the high-end phone market and challenge Apple and Samsung.
The Xiaomi 13 and 13 Pro were launched in China in December 2022, but now Xiaomi is bringing the devices to the markets abroad.
The Xiaomi 13 Pro has a 6.75-inch display and Qualcomm's latest Snapdragon 8 and Gen 2 chipset.
Source: Legit.ng
