Xiaomi fans, here is some bad news for you. The Chinese consumer electronics maker has increased the prices of its two popular products — Redmi Note 5 Pro and Mi LED TV 4 55 — that were launched in February this year. The new prices of the smartphone and television are set to reflect starting tomorrow.
The Xiaomi Redmi Note 5 Prothat was launched at Rs 13,999 for the 4GB + 64GB variant has been increased by Rs 1,000 and will now cost Rs 14,999. Incidentally, the price hike is only for the base variant of the Redmi Note 5 Pro. The 6GB RAM+64GB internal storage variant remains at the same price of Rs 16,999.
The 55-inch Mi LED TV 4 on the other hand has got a price rise of Rs 5,000 and will now cost Rs 44,999.
The new prices of both the Xiaomi Redmi Note 5 Pro and the Mi LED TV 4 55-inch will start reflecting across Mi.com, Mi Home stores, and Flipkart.
As per Xiaomi, the appriciation of prices is being attributed to “changes in tax structure on PCBA (Printed Circuit Board Assembly) imports and the depreciation of the rupee”
In a blogpost, the company explained, “We have been seeing a huge demand for Redmi Note 5 Pro and Mi LED TV 4 55”. In order to ramp up supply for Redmi Note 5 Pro, we are importing a significant amount of PCBAs as our local PCBA production would only ramp up 100% by CY Q3 2018. With the recent changes in tax structure on PCBA imports and the depreciation of the rupee (by ~5% since the beginning of the year), this has resulted in a significant increase in costs for us.”
Source by:- gadgetsnowShare: