When Xiaomi first rolled out its IPO last year, there were speculations the manufacturer will have to increase the prices of its phone in other to make the manufacturer far more profitable. The manufacturer was fast to debunk these types of theories and assured fans that it would not increase the profit margin of its smartphones above 5%. There have been doubts as to how the manufacturer will keep its smartphone prices low and still deliver some profit for its investors. Those doubts are turning out not to be unfounded but we are not surprised due to the fact it was expected.
Technical Node reports that Xiaomi’s CEO Lei Jun has warned that Xiaomi phones might get extra expensive in future launches. This is as a result of attempts by the Chinese manufacturer to sed off the reputation for producing inexpensive hardware. Lei is quoted to have mentioned; “Actually, we want to get rid of this reputation that our phones price less than 2,000 Yuan. We want to invest far more and deliver much better products.” H went further to disclose that he had informed the staff internally that this might be the last time the company’s smartphone prices will be under 3,000 Yuan, apparently referring to the flagship Mi brand. “In the future, our smartphones could obtain more expensive—not a ton, but a little far more high-priced,” he added.
Xiaomi has subtly been hinting at a swap in its pricing pattern for a even though presently. Announced in January after the Redmi Note 7 release, Xiaomi had promoted the base model of last year’s flagship Mi 8 for 2099 yuan ($310). Xiaomi’s device director, Wang Teng Thomas had hinted back then that whenever the cost-focused Redmi series, there won’t be any these types of crazy cheap deals anymore as the Mi brand will go high close. For now, the fresh phone maker looks to be taking stuff slowly in that regard. The Mi 9 what was introduced on February 20 arrived with several innovations these types of as three rear cameras, a powerful Qualcomm Sd 855 chip, and wireless charging however the pricing was barely higher than its predecessor. The Mi 9 starts at 2,999 yuan (around $446), while the Transparent Edition sells for 3,999 yuan. The Mi 9 SE what is a trimmed down version starts at 1,999 yuan. The Mi 9 price is just 300 yuan ($44) higher than the Mi 8 which starts at 2,699 yuan ($355).