After Xiaomi first rolled out its IPO last year, there were theories the manufacturer will have to increase the prices of its smartphone in other to deliver the manufacturer a lot more profitable. The company was fast to debunk these types of speculations 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 cameraphone prices low and yet make some profit for its investors. Those doubts are turning out not to be unfounded however we are not surprised since it was expected.
Technology Node information that Xiaomi’s CEO Lei Jun has warned that Xiaomi phones may obtain additional high-priced in future launches. This is as a result of attempts by the Chinese manufacturer to sed off the reputation for producing low-cost hardware. Lei is quoted to have stated; “Actually, we need to get rid of this reputation that our phones price tag less than 2,000 Yuan. We need to invest extra and deliver improved products.” H went further to disclose that he had aware the staff internally that this could be the last time the company’s phone prices will be under 3,000 Yuan, apparently referring to the flagship Mi brand. “In the future, our phones could possibly obtain additional expensive—not a large amount, however a small additional high-cost,” he added.
Xiaomi has subtly been hinting at a replace in its pricing pattern for a whereas now. Announced in January after the Redmi Note 7 launch, 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 after the cost-focused Redmi series, there won’t be any such crazy inexpensive deals anymore as the Mi brand will go high close. For now, the innovative phone maker seems to be to be taking things slowly in that regard. The Mi 9 which was unveiled on February 20 came with handful of innovations this sort of as 3 rear cameras, a strong Qualcomm Snapdragon 855 cpu, and wireless charging however the pricing was barely higher than its predecessor. The Mi 9 starts at 2,999 yuan (around $446), whereas 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 value is just 300 yuan ($44) higher than the Mi 8 which starts at 2,699 yuan ($355).