Jio is all set to rock the market again, this time it’s a mobile device. Yes, that’s true. There are firm rumors that Jio will launch a mobile phone with support of 4G LTE. The thing that will rock the market is that this device is expected to be priced at just Rs 500.
It is expected that Reliance Industries will announce this device at its Annual General Meeting which is scheduled on 21st July.
It is being said by many experts that Jio is making this move to strengthen the customer base by attracting those customers who still use a 2G mobile device. The majority of the population is using 2G devices yet and this launch will be a boost for the company as most of the 2G customers will then look forward to shifting towards the 4G network. Jio has also planned an amazing deal for the buyers of this device to make it even better.
According to the research note by HSBC published in Economic times report, a Jio 4G mobile phone will be quoted after subsidizing it by around Rs 650 and which will bring its price to as down as Rs 500.
It is being said that Jio has already placed an order for more than 18 million units to a Chinese company for this device and the shipments are expected to start in July or August.
The device is expected to be launched at the AGM and it will be in the markets in mid of August. The device is expected to have the branding of LYF.
It is also expected that Jio will give attractive plans with this device but we don’t have any confirmed data on the type of plans expected with the device.
Let’s have a look at the specifications expected in this device:
- Two variants: One with QUALCOMM Processor and second with Spreadtrum
- 2.4-inch Display
- 512 MB RAM
- 4GB Internal storage
- 2 megapixel back camera
- VGA camera at front
- Wi-Fi, NFC, and GPS.
- 4G LTE support.
We expect now it will induce further competition in the telecom market with this aggressive move from the company. Already Jio has damaged other companies through its aggressive priced plans starting last year.
We will cover the Annual General Meeting on 21st July and we will wait for the outcome. We will bring you the detailed information about this device when and other confirmed specifications after this event. Till then, Stay tuned with KNine Vox and don’t forget to follow us on Twitter and Facebook.