3GB RAM and 32GB ROM model: 1499 CNY, or $225
3GB RAM and 64GB ROM model: 1699 CNY, or $255
4GB RAM and 128GB ROM model: 1999 CNY, or $300
For an idea of the market gap that Xiaomi is looking to plug here: the Redmi 3 was unveiled in January and is priced at 699 CNY; Xiaomi’s current flagship is the Mi 5, announced in February and priced from 1999 CNY; the deluxe version, the Mi 5 Pro, retails for 2699 CNY. Xiaomi sold “over 70 million” smartphones last year. That’s impressive given that growth is slowing worldwide, but it came in below internal expectations and there’s more competition than ever in China with Huawei leading the charge. Xiaomi will hope that filling in potential product gaps helps boost its sales in China.