As expected Xiaomi has announced it has cut the price of the Mi 5 in India by Rs 2,000. The flagship Smartphone is now available for Rs 22,999. Unlike earlier price cuts during sales, this is a permanent price change, the company has announced. The price cut is effective for all three colors- white, black and gold.
Xiaomi had launched its flagship Smartphone, Mi 5, in India in March this year. The company only launched the 32GB variant of the Smartphone, which is available so far for Rs 24,999. The news comes a day after the company announced its sales in India have grown by 72 percent in the last two years.
The smartphone sports a 5.15-inch full HD (1080p) display. It is powered by Qualcomm’s Snapdragon 820 chipset paired with 3GB of RAM and 32GB of internal storage. Unfortunately, there is no expandable storage option. On the camera front, the smartphone sports a 16-megapixel rear shooter with 4K video recording capabilities, four-axis OIS technology, PDAF, and dual-tone LED flash, and a 4-megapixel front-facing camera for selfies and video calling.
Armed with a 3,000mAh battery with Quick Charge 3.0 support, the smartphone also features a fingerprint scanner embedded into the home button. With connectivity options such as dual-SIM card slots, 4G LTE support, Wi-Fi 802.11ac, IR Blaster, USB Type-C port and NFC, the Xiaomi Mi 5 runs on Android 6.0 Marshmallow wrapped under MIUI 7.
Despite being the flagship smartphone, the Mi 5 may not be best selling device for Xiaomi. The Xiaomi Mi 5 competes in the premium and mid-range segments while Xiaomi’s forte has been in the budget segment. The company has had a better run with its budget offering, the Redmi Note 3. According to a report, Xiaomi sold about 1.75 million units of the Redmi Note 3 within five months of the launch. According to IDC, the Redmi Note 3 has become the ‘highest-shipped smartphone ever online in India in any given quarter’. As per IDC’s research report, Xiaomi shipped 880,000 units of the Redmi Note 3 in India during the second quarter of 2016.
The company has now followed up the Redmi Note 3 with even more affordable Redmi 3s and Redmi 3s Prime smartphones. The Redmi 3s has already gotten rave reviews. Well, we will have to wait till 10AM tomorrow to see if the price drop will help increase in demands for the Mi 5 or not.