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Prices for 5G phones on Verizon will hit $400 this year.
The prices for 5G phones have dropped considerably since last year’s Samsung Galaxy S10 5G Plus. That device was the first phone in the US with 5G built in, but it cost $1,300 when it was released in May 2019. Recent smartphones, including this week’s new line of iPhones, have dropped well below that price.After telling CNET in January that the company planned to launch a 5G phone for under $600 later this year, Ronan Dunne, executive vice president and CEO of Verizon’s Consumer Group, says his company now plans to have a 5G phone that will cost less than $400 in 2020.
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“We already have more than 25 millimeter-wave capable devices available to Verizon’s customers, and we started the year at the thousand dollar price point,” Dunne told CNET’s The Daily Charge podcast. “We broke $800, then we broke $600, now we’ve broken $500. And I suspect before the year is out we’ll break below $400.”
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