Xiaomi’s Foldable Phone Will Launch Q2 For Half Price Of The Galaxy Fold
Foldable phones are all the rage in 2019. And even before Samsung could show off their first foldable phone, the Galaxy Fold, many devices were teased and one was even on display at the CES 2019.
Xiaomi was one such company that released a video showcasing their version of the foldable phone. Xiaomi not only showed off a working prototype of the device but also showed that the phone worked well and was relatively easy to use and fold up.
The Samsung Galaxy Fold became the first device to be launched by the electronics giant, and with that, the company officially opened the market to potential competition. Samsung’s foldable phone was soon followed by Huawei Mate X which also showed a new falcon wing design and a more premium price bracket. Samsung wants to retail the Galaxy Fold for US$ 1980 while Huawei Mate X was launched for US$ 2600.
Investors in Xiaomi’s supply chain reveal that the Chinese electronics company will launch their foldable phone as soon as the end of April or early June. Xiaomi will hold a separate event in China which will be a global launch of the product followed by several localised launches in its important markets.
Our source also reveals that Xiaomi plans to sell the Foldable device at a US$ 999 price mark. Which will make it the cheapest foldable smartphone. Xiaomi will also bring the phone to Europe for €999 and to India for Rs.74999.
If Xiaomi manages to launch the Foldable Mi device at such an aggressive price it will surely be able to gather some attention for the product.
Part of the reason Xiaomi will manage this low pricing is the display. While Samsung and Huawei are using higher quality OLED panels manufactured by Samsung and BOE display. Xiaomi will use Visionox Technology OLED displays. Visionox has developed the foldable displays as per Xiaomi’s requirements. Xiaomi has also funded development and manufacturing resource infrastructure costs for Visionox Technology to be able to develop this display. The company recently filed a patent for the foldable display.
If Xiaomi manages to launch the Mi Fold / Flex at the above price, it will surely generate enough excitement to warrant sales for the phone. The smartphone will continue to have flagship specifications including the Snapdragon 855 chipset and 8GB to 10GB of RAM.