Xiaomi's costliest ever smartphone in India, Mi 5, gets a price cut

NEW DELHI: Chinese smartphone maker Xiaomi has slashed the price of its flagship smartphone Mi 5 in India. Launched at Rs 24,999, the smartphone is now available at Rs 22,999 (post a discount of Rs 2,000).

Xiaomi India head Manu Jain tweeted that the smartphone has got a price cut and is now available on Flipkart and on the company's official website mi.com at the new price.

#Mi5 for Rs. 22,999 ???? Starting today, we are announcing a permanent price drop for Mi 5. Buy it from Mi. com and @Flipkart. @XiaomiIndia

— Manu Kumar Jain (@manukumarjain) August 23, 2016

Xiaomi launched the Mi 5 in March this year. The smartphone is the company's most expensive handset launched in India so far.

As for specifications, Xiaomi Mi 5 flaunts a 5.15-inch full HD display with 1920x1080 pixels resolution. The handset runs on Android 6.0 Marshmallow operating system and is powered by a quad-core Qualcomm Snapdragon 820 processor. The device offers 3GB of RAM and 32GB of internal storage.

The connectivity options of the device include 4G, LTE, 3G, Wi-Fi, Bluetooth, GPS, NFC, USB Type C and packs a 3,000 mAh battery with Qualcomm Quick Charge support.

Recently, Samsung also slashed the prices of its flagship smartphone Galaxy S7 and Galaxy S7 Edge. Both the devices have received a price cut of Rs 5,000, according to Mumbai-based retailer Mahesh Telecom.

Samsung Galaxy S7, which was launched at a price of Rs 48,900, is now available at Rs 43,400. On the other hand, the Galaxy S7 Edge is now available at Rs 50,900, which was launched at Rs 56,900.