Xiaomi launched the Redmi Note 5 Pro in February this year. The phone saw an unprecedented popularity. The phone was so much in demand that the stock vanished within minutes of going on sale. The Chinese OEM is the most successful smartphone vendor in India and this is all because it provides quality products at affordable prices. However, the company has now decided to raise the price of Redmi Note 5 Pro and Mi LED TV 4 (55-inch).
But why this increase in price, Xiaomi?
It may come as a surprise to some of us but Xiaomi has provided a detailed reason for increasing the price of these two immensely popular devices. The company says that it has seen a huge demand for Redmi Note 5 Pro and Mi LED TV 4 (55-inch) in India. In order to meet this demand for the phone, the company has to import PCBAs in huge quantity in the country.
Xiaomi is planning to manufacture the PCBAs in India but this will only turn to reality by the end of Q3 2018. In order to make up for the supplies, the company is ordering the component from outside and hence, the rise in the retail cost of the phone.
The price of the Redmi Note 5 Pro is being marginally increased by Rs 1,000. The 4GB RAM + 64GB ROM variant of the phone will now sell for Rs 14,999 against its original launch price of Rs 13,999 from Tuesday, that is May 1. Those who have already ordered the phone will get it at the original cost only. The Note 5 Pro will be available at an increased price on Flipkart, Mi.com, Mi Home Stores, and other offline stores.
Along with this, the Mi LED TV 4 (55-inch) will now sell for Rs 44,999 instead of its original Rs 39,999 price tag. This increase is due to the exponential demand of the smart TV because of which the company has to import a higher number of TV units in India. It is also due to the new import tax structure and rupee depreciation this year. The TV will also sell for an increased price from Tuesday, May 1. It will be available for buying at Mi Home stores, Mi.com and Flipkart.
With this surge in price, we do hope that the company brings in more units to satisfy the Indian fans. What do you think? Let us know in the comments section below. Stay tuned to Mr. Phone and download our app to get the latest updates from the world of smartphone technology.