Even though the smartphone sales have been on a decline this year because of the ongoing COVID-19 pandemic, the year is clearly of 5G smartphones. It has now become a norm for the companies to offer 5G connectivity on their devices.

With 5G going mainstream, the companies are now looking to lower the pricing. In line with this, Coolpad is set to launch a new smartphone named Coolpad X10 which is claimed to be the first 5G smartphone priced at just 1,000 yuan (~$144).

Coolpad X10 Teaser

The company will reportedly launch the smartphone on 12th August at 3:00 PM local time in China through an online event. On top of that, at the same time, Coolpad Group, Tianyi Telecom, and Unigroup Zhanrui will also sign strategic cooperation.

The upcoming Coolpad X10 will be supported by China Telecom and use the domestic 5G chip from Unigroup Zhanrui’s Unisoc Tiger Ben T7510. The chipset is manufactured using a 12nm process and packs quad-core A75 CPU + quad-core A55 CPU. There’s also the PowerVR GM9446 graphics processor.

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It supports a downlink of 2Gbps and an uplink of 1Gbps. This will be the second smartphone to be powered by the Tiger Ben T7510 SoC, after Hisense F50. Other features of the device will be revealed at the time of launch.

This is an interesting development given that Coolpad is said to have launched the first 4G smartphone priced at 1,000 yuan when the industry was shifting from 2G and 3G to 4G. It also launched the first dual-SIM dual-standby 4G phone.

Coolpad was among the leading Chinese smartphone maker but with the cut-throat competition, the company match up the market demands and almost left the smartphone business. Now, it seems that the company is determined to make a solid comeback. Let’s just wait and see how this goes.