According to a reliable tipster from China, Realme is working on a new phone fueled by the Dimensity 720 chipset. The smartphone is expected to be positioned lower than the Realme V5 5G that debuted recently in China. Hence, it appears that the mysterious Realme phone could be arriving in the market as the most affordable 5G-ready smartphone.

The Dimensity 720 powered Realme V5 5G arrived in China with a starting price of 1,399 Yuan (~$201). As compared to the Realme V5, the unnamed Realme phone that the tipster is talking about has weaker specs despite featuring the same Dimensity 720 SoC. Probably, it could be priced around 1,199 Yuan (~$172).

Recent reports have revealed that Huawei is planning to unveil the Enjoy 20 5G phone in China. It is a phone with LCD panel display, 13-megapixel triple cameras, 5,000mAh battery and is rumored to be powered by Dimensity 720 chipset. The rumor mill has claimed that it could be the cheapest 5G phone from Huawei. Realme seems to be planning to rival the Enjoy 20 5G with its new Dimensity 720 powered phone.

The mysterious handset that the leakster is talking about could be the Realme RMX2200 phone that is now listed in TENAA’s database with few details on its specs. The listing has revealed that it has a 6.52-inch display and a 4,980mAh battery. The phone measures 164.4 x 76 x 8.6mm and it carries support for 5G connectivity. The listing of the phone is expected to soon get populated with its images and remaining specs.

In related news, another Realme phone with model number RMX2176 has surfaced on TENAA with minimum details. It has an FHD+ 6.43-inch OLED panel with punch-hole design and high refresh rate support. It may come with a 32-megapixel front camera and a 64-mgeapixel quad rear camera. The phone could be fueled by Snapdragon 765G and 4.300mAh dual-cell battery with 50W / 65W fast charging support.