After launching the Cool 3 Plus for Rs 5,999 in India, Coolpad has announced that it is now ready to launch its first 5G smartphone in the country.
Coolpad says that development of its 5G technologies started as early as 2012 and its 5G smartphones will arrive as soon as the 5G infrastructure is up and running in India. It’s unclear whether Coolpad plans to be the first to launch 5G-enabled smartphones in the country, especially when manufacturers like Samsung and Huawei have already started pushing 5G support to smartphones globally.
Coolpad has disclosed that it has filed a total of 800 patents related to 5G and has also been granted 120 device-to-device 5G patents. The company is in talks with Qualcomm and Mediatek about the use of their 5G-enabled SoCs on its smartphones
The company aims to invest over $500 million to strengthen its 5G presence in India in the next five years.
Speaking about the update, Coolpad India CEO, Fisher Yuan said “Since its inception, Coolpad India has aimed to satiate the needs of the value-conscious Indian consumers who expect remarkable specifications at budget-friendly prices. In line with our constant endeavour to exceed customer expectations that we have accelerated the development and launch of our 5G ready devices in the country. Depending on the readiness of the 5G network in India, we are aiming to launch these devices early next year”.
Coolpad India Online Business Head also commented saying “With the rapid growth of the Indian smartphone industry in recent years, we too have started to change its era after the launch of Cool 3 Plus. Consumer-oriented R&D is our top priority at Coolpad, therefore, we are working to expedite the launch of the 5G enabled smartphones and aiming for a higher share in its development. As soon as the Indian smartphone network is ready, we will launch our first 5G smartphones”.