On May 25, Xiaomi had launched the Mi Max 2 smartphone in China. The base model featuring 64 GB of storage and 4 GB of RAM and the higher variant with 128 GB of storage and 4 GB of RAM were introduced with respective pricing of 1,699 Yuan (~$268) and 1,999 Yuan (~$315) in the home market. Later, the company had also launched a cheaper model featuring 32 GB of storage and 4 GB of RAM.

Xiaomi has now slashed the price of all the variants of the Mi Max 2 in China. The 128 GB, 64 GB and 32 GB Mi Max 2 that are all packed with 4 GB of RAM are now respectively priced 1,599 Yuan (~$252), 1,499 Yuan (~$236) and 1,399 Yuan (~$220) on the official website of Xiaomi. On Jingdong too, the Mi Max 2 variants are available with updated pricing.

Since Xiaomi had launched the Mi Max 2 in May last year, it is speculated that the Mi Max 3 may arrive as a successor phone in the next month. Xiaomi may have slashed the price of the Mi Max 2 now in order to clear its stocks and make way for the rumored Mi Max 3.

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Leaked firmware files that belong to the Mi Max 3 that had surfaced around two months ago had revealed plenty of information on it. The Mi Max 3 is expected to arrive with a full screen design that will feature an elongated FHD+ display of 6.99 inches. It may feature a huge battery of 5,500mAh capacity that may be enabled with Quick Charge 3.0 fast charging. Also, it is likely to support Qi wireless charging. The handset is also speculated to feature iris scanner.

Rumors surrounding the phone suggest that it will be equipped with dual rear cameras and it may not feature a 3.5mm audio jack. The Mi Max 3 may arrive in two models. The base model may include Snapdragon 636, 3 GB of RAM and 64 GB of storage and the higher may come with specs like Snapdragon 660, 4 GB of RAM and 128 GB of native storage. As of this writing, there is no information available on the rumored pricing of the Mi Max 3 variants.

(source 1, 2)