TechnologyRealme Launches Smartphone With 9-Minute Full Charge

Realme Launches Smartphone With 9-Minute Full Charge

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MAGIC DEALS

Realme, a Chinese smartphone manufacturer has launched a new smartphone on Tuesday that gets to 100% from 0% in nine minutes and 30 seconds.

GT3 smartphone

The company unveiled its GT3 smartphone at the biggest trade show in the world, the Mobile World Congress in Barcelona.

According to gathering, Realme intends to grow its business outside China and joins other Chinese firms targeting overseas markets, including Africa.

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The GT3 price starts at $653.98 (N301,136), making it highly competitive with other smartphone makers such as Xiaomi and Oppo, which offer low-cost gadgets with high specs, CNBC reports.

Experts believe the company is pursuing the market’s low-end margin segment by giving competitively priced products aimed at value seekers.

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.

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.

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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.

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