Xiaomi’s co-founder and Senior Vice-President, Liwan Jiang has reaffirmed the plan of the company to release high-end but cost effective smartphones this year.

Liwan Jiang disclosed this while speaking at an interview very recently. The Senior VP reaffirmed the plan by Xiaomi to release high-end products in the second half of the year and further hinted that the company has shifted its attention to the launch of the high-end device.

Mr Jiang also reassured earlier stance that Xiaomi’s cost-effective policy will still not change as regards the high-end device and hinted at the possibility of a special brand name for the device. He, however did not disclose the specific name it’d be called.

It has been rumored that a Xiaomi news conference is scheduled to take place sometime in August where the new high-end device(s) is expected to be unveiled.

Also, on that same day in August, the long awaited Mi Note 2 is expected to be launched as well.

The 5.7-inch Mi Note 2 is expected to come with Qualcomm’s latest Snapdragon 821 processor, 4GB / 6GB RAM options, fingerprint sensor, dual camera setup and lots more top specs. The Mi Note 2 is expected to be priced at 3000 Yuan (about $450) for the base model.

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