Xioami MI4- Front View
Xioami MI4Anirban Roy

Xiaomi just brought more cheer among the fans of the Chinese smartphone. In a press release, it has announced a price cut for its current flagship smartphone in India -- Mi4.

Recently, Xiaomi offered MI4 at a discounted price as part of the Xiaomi MI Fan Festival and sold over a million smartphones in one day, thus creating a record for selling the maximum number of smartphones through a single platform. For this amazing sales figure, Xiaomi scored a world record and entered the 'Guinness Books of World Records'.

According to the new statement, Xiaomi MI4 16GB will now be available for Rs. 17,999 and the 64GB variant can be bought for Rs. 21,999, down from ₹19,999 and ₹23,999, respectively.

With the new price, the 64GB edition of Xiaomi MI4 and the OnePlus One will be available in India in the same price bracket while the 16GB edition of Xiaomi MI4 will be Rs. 1,000 cheaper than the OnePlus One 16GB Silk White variant.

The other two competitors of Xiaomi MI4 in the similar price brackets are Huawei Honor 6 and Lenovo Vibe X2. At Rs. 17,999, Huawei Honor 6 offers 16GB of memory and the micro SD card slot. The Lenovo Vibe X2 offers 32GB of memory but sacrifices the card slot.

On the other hand, none of these except OnePlus One has received the Lollipop update yet.

Xiaomi Mi4 and OnePlus One both come powered by Snapdragon 801 SoC, 3GB RAM and 13MP rear camera. While OnePlus One offers a 5MP front camera and a 3100 mAh battery, MI 4 offers 8MP front camera and powered by a 3080 mAh battery.

On 23 April, Xiaomi is expected to launch a flagship device at a global launch event in Delhi. Xiaomi founder and CEO Lei Jun will be coming to India for the first time to attend the launch.

On the same day, ASUS is launching its much-hyped new smartphone Zenfone 2 in India. Launching in three variants, the lower model is expected to be priced somewhere around Rs. 13,000 while the high-end model is expected to cost Rs. 23,000. Zenfone 2 runs on Android 5.0 Lollipop and packs 4GB RAM and 32GB inbuilt memory.