Manufacturers slashing the price of their previous models following the release of a new one is not a new practice. Xiaomi just announced two new flagship phones and they’ve decided to follow the same pattern by reducing the price of the Mi 5. If you head to the official online store, the new price changes have been effected.

The standard edition with 3GB of RAM and 32GB of storage sells for 1599 Yuan ($240). If you want one with a lot more storage (64GB) but with the same RAM, you’ll have to pay 1799 Yuan ($270).

The high end version which features a 3D glass body, 4GB of RAM and 128GB of storage sells for 2399 Yuan ($360), while the ceramic edition is priced at 2499 Yuan ($375). Do note that the price is the same irrespective of the colour you choose.

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For those who have been postponing purchasing the Xiaomi Mi 5 just  so they can see if the Mi 5s is worth buying, you might want to factor in the new price difference too. While the Mi 5s does have a bunch of new and cool features, the original Mi 5 is still better than a whole lot of other devices out there. It uses the second best chip in the world, has NFC, and its camera isn’t bad.

The only other device that can beat the pricing of the Mi 5 (standard edition) is the base model of the LeEco Max 2 which sells for about $250 or less on various sites and offers an extra GB of RAM.

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Xiaomi has just slashed the official price of the Xiaomi Mi5 flagship that was announced back in February. After more than six months, the company has now decided to cut down the price tag of its flagship model by 200 Yuan ($30). The slashed prices are applicable for all the three models, including the Xiaomi Mi5 Pro.

In case you are wondering, here is the new pricing for the Xiaomi Mi5 models in China: Xiaomi Mi5 Standard Edition with 3GB RAM + 32GB ROM now retails at 1799 Yuan ($272), Mi5 high version with 3GB RAM + 64GB ROM retails at 2099 Yuan ($316) and the Xiaomi Mi5 Pro with 4GB RAM + 128GB ROM retails at 2499 Yuan ($377).

These reduced prices should translate into cheaper international reseller pricing. We expect resellers like OPPOMART to reflect the reduced prices in the coming days. So, if you were planning to purchase a brand new Mi5 from China, this could be the ideal time.

Meanwhile, Xiaomi also has silently slashed the price tag of the Redmi 3X model (powered by SD430) that was announced a few months back. To recap, the 3X is exactly like the Redmi 3S with same specs, but it’s is exclusive to China Unicom. The model now retails for 799 Yuan ($120), down by 100 Yuan. If you are interested, check out our launch coverage. The phone is also available for purchase on Gearbest, but it might take some time to reflect the new pricing on the retailer website.

In related news, Xiaomi Mi Note is also being promoted heavily on JD.com, with prices starting at just 1099 Yuan ($165), which is an amazing price considering this was quite a capable flagship of 2015. If you want to recap the specs of the Mi Note, check out this article. Or better check out the specs down below. Please note that the new Mi Note 2 flagship launch is just around the corner, but it will be costlier and much more powerful as compared to the Mi Note.

Mi Note Specs:

• 3D curved Gorilla Glass 3 with metal frame
• 5.7-inch 1080p Sharp/JDI Full HD display (95% NTSC, 1400:1 contrast ratio)
• Snapdragon 801 2.5GHz, Adreno 330, 3GB LPDDR3 RAM
• Dual 4G SIM (micro/nano), Dual Standby
•  Sony 13MP camera f/2.0, Optical Image Stabilisation (OIS)
•  4MP front camera with large 2-micron pixels
•  Hi-Fi audio system, 24-bit/192KHz lossless playback support
•  3000mAh 4.4V lithium-ion battery, Quick Charge 2.0

The post Xiaomi Mi5’s Prices Slashed By 200 Yuan ($30) in China For All Three Variants appeared first on Gizmochina.