The Chinese manufacturer Huawei is planning to release a 5G smartphone with a price tag of about CNY 1028 (around $150) by the end of this year, or early 2021.
At present, the cheapest 5G phone costs CNY 2,000 (around $290) but most command a price of CNY 3,000 (~$430) or higher, so a phone for around CNY 1,000 would enable a lot more people to experience 5G.
Of course, this mission is possible this year, base on the recently-unveiled MediaTek 1000L and Qualcomm Snapdradon 765G chipsets with optional 5G modem integration which allow 5G connectivity on a number of mid-rangers. Up until this point 5G connectivity was mostly a flagship-exclusive feature.
Huawei and Samsung will spearhead 5G adoption in 2020, until Apple joins the market. In 2019 Samsung reportedly shipped some 6.7M 5G-equipped devices, while Huawei reportedly outdid it with 6.9M.