The Chinese tech giant, Xiaomi is well-known for its policy of making fabulous smartphones at an affordable price. The Xiaomi Mi 6, flagship device of 2017, was released at a price ranges between $360 and $435. Now the sources from China suggest that the Xiaomi Mi 7’s price will start from CNY 3,000, approx. $475 after taking into consideration the inflation and conversion rates.

Xiaomi will be pricing its mobile phone first time in the three thousands of the Chinese currency. However, the price will likely to be justified with the Snapdragon 845 chipset, 8GB of RAM and 5.65 inches of display along with Full HD+ resolution. Furthermore, there is a rumor related to another Plus version of the Mi 7 that will feature a 6.01 inches OLED panel. The Xiaomi Mi 7 flagship device could be revealed alongside the mid-range Redmi Note 5 smartphone, also expected to arrive in February.