Chinese smartphone giant, Xiaomi, has announced a price cut of Rs 2,000 for its flagship Mi5 smartphone. Launched in April for Rs 24,999, the device will now be available for Rs 22,999. Earlier, the device had witnessed price cuts during special sales but this is now a permanent price cut. The statement issued by the company stated: "All three colors of Mi 5 (White, Black and Gold) will be available for Rs 22,999 exclusively on Flipkart and Mi.com, down from the original launch price of Rs 24,999".
The Mi5 features a 5.15inch full HD display and 3D glass body made up of Corning Gorilla Glass 4. It runs on Qualcomm Snapdragon 820 processor paired with 3GB of RAM and 32GB of onboard memory. It has a 4 axis OIS camera too along with 16MP rear camera and 4MP front camera. The home button doubles up as a fingerprint scanner. This is a 4G LTE enabled smartphone with Type C port and packs in a 3000 mAh battery.
The closest competition to the Xiaomi Mi5 is the OnePlus 3 with 6GB RAM retailing for Rs 27,999.