India’s 5G connectivity adoption is expected to take longer than that in several other countries. For instance, as per estimates, around 18% of mobile subscriptions in India by 2025 will be 5G. In comparison, 2.8 billion individuals across the globe are estimated to be using 5G network by the end of 2025.
Presently, 5G remains a niche market, especially since most locations across India do not have the necessary framework to support such connections. Moreover, only a few high-end smartphones are 5G ready. For instance, customers cannot hope to find this feature in the best phones under 20000.
Why are 5G phones so costly?
Currently, 5G phones come with a hefty price tag, which can be unaffordable for some. The primary reasons for this increased pricing are –
- Requires top-of-the-line SoC
Only the most advanced chipsets today can support 5G network speeds. Unfortunately, this also means that the feature is restricted to the highest-end devices only. Even if you pick the best phones under 20000, they would likely lack this 5G connectivity option. However, if one can extend his/her budget or utilise Bajaj Finserv EMI Network Card benefits, affording higher-priced 5G handsets should not be a problem.
- Demand for 5G phones is high, but supply is low
The limited supply of 5G mobile phones is also driving up the costs of such phones. As this supply issue is resolved, prices will likely fall drastically. A similar situation was evident during the initial years of 4G adoption as well. With demand and supply reaching equilibrium in the near future, all of the pricing issues would likely disappear.
However, until then, interested buyers would need to bear the significant price tags of such smartphones.
Best 5G smartphones to buy in 2021
Following are some of the best 5G mobile phones available in the Indian market space. Keep in mind that newer models are constantly being launched by companies with each passing day –
- Apple iPhone 12
The base Apple flagship phone from 2020 is one of the most affordable iPhones with 5G connectivity. Priced at around Rs.80000, this device is equipped with 64GB of storage, an Apple-made A14 Bionic chipset and a 6.1-inch Full HD+ display. Additionally, one can take advantage of a dual-camera setup on this handset.
- OnePlus 8 Pro
OnePlus is another reputed phone maker, which manufactures feature-heavy handsets, without compromising on affordability. Fitted with a 6.78-inch 1440p display, this phone impresses with its other specs as well, besides 5G support. For example, the 8GB RAM and quad-camera setup are some of its premium-range specs.
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Qualcomm Snapdragon 865 SoC underneath the hood provides enough juice to the smartphone to handle even CPU intensive activities. Still, do not expect this option to be categorised as best phones under 20000. The OnePlus 8 Pro will set users back by almost Rs.50000.
These high costs can, however, be easily handled with an EMI network card. The Bajaj Finserv EMI Network, for instance, provides one with access to instant credit of up to Rs.4 lakh. Individuals can utilise this to opt for a 5G handset.
Additionally, Bajaj Finserv also extends pre-approved offers on the network card application. Such pre-approved offers are also available on personal loans, business loans and other credit products, ensuring faster and simpler applications. You can check your pre-approved offer by providing a few important details, including full name and contact information.
Alternatively, you can choose to wait for economical 5G phone options instead. Presently, you can pick from the best phones under 20000 and enjoy 4G connectivity to run applications.