According to the latest information, Xiaomi is all set to announce the successor in the Xiaomi Mi Note series sometime later this month with the name Xiaomi Mi Note 2 or Mi Pro. Given that the company’s Mi Note series has always been the flagship range, we expect pretty powerful specs on the upcoming handset. However, last year’s Mi Note is still a powerful handset and despite Xiaomi stopping the sales of the device a few months back, third party retailers are still selling the device and at throwaway prices.

The Xiaomi Mi Note flagship is now being sold in China via JD.com for an amazing price tag of 899 Yuan ($135). This is very cheap and considering the specs of the handset, you will be getting great value for your money. We had recently seen the price of the Mi note go down to 1099 Yuan ($165) but this is the first time we are seeing it go down below $150.

However, note that this is the China Mobile version of the Mi Note and the China Telecom supported version still retails at $165.

To recap, the Xiaomi Mi Note comes with the Snapdragon 801 quad-core processor with 3GB of RAM on board. The camera at the back of the device is pretty good, featuring a 13MP sensor with f/2.0 and OIS. At this price, you won’t find any devices with OIS on board. Other notable specs of the Mi Note include a 5.7-inch 1080p display with Corning Gorilla Glass 3 protection, 3000mAh battery with QC 2.0, a slim 7mm 3D Glass body and more.

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Xiaomi had a busy day today, unveiling a new brand and a bunch of new products like the Mi Router 3 and the Smart Rice Cooker. In fact, if we actually take a look at the past few months, Xiaomi has regularly released/ updated its Redmi and Mi series smartphones. This brings us to the one series which seems to be forgotten at the moment and that’s none other than the Mi Note series.

However, a few hours ago, new details about the Mi Note 2 emerged, which reveals the specs as well as pricing of the device. It is said that the Xiaomi Mi Note 2 will come in a number of variants in terms of processor, storage and RAM. For example, it is said that the phone will have Snapdragon 820 as well as 823 chip versions, as well as 4GB RAM and 6GB RAM options. In terms of storage, starting at 32GB, the storage option reportedly will go up to 256GB.

To recap, this is not the first time we have heard about the Snapdragon 823 version. Analyst Pan Jiutang had revealed in February that Snapdragon 823 model number MSM8996 Pro should come with an upgraded CPU (higher clock speed?) but the baseband should be the same.

Coming back to the Mi Note 2, the phone is said to come with the same screen size, 5.7-inches with 2K resolution. There’s even the possibility of pressure sensitive display. Other rumored specs include a large 3600mAh battery with support for 18W Quick Charging, 16MP rear camera (Sony IMX 295) with OIS and a 5MP front camera. The phone should be made out of metal.

The source further reveals that the release of Snapdragon 823 will depend on its availability. Samsung Galaxy Note 6 is expected to come with this chip, and it’s possible that the Mi Note also uses this upgraded CPU for better performance.

Finally, coming to the pricing, the phone is said to retail for around 2999 Yuan which comes to $460. That’s not really a bad figure considering all the high-end hardware packed inside.

However, it’s still too early to say anything about the Mi Note 2 for sure, so we will advise you to take this rumor with a pinch of salt. If Xiaomi does intend to update the lineup, expect a release only in the second half of 2016.

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