Xiaomi CEO considers an increase in prices to shake off the “cheap” from the brand

Xiaomi’s smartphones are praised by many for their unbeatable value. Models of the brand are often around two times cheaper than competing b...

Xiaomi’s smartphones are praised by many for their unbeatable value. Models of the brand are often around two times cheaper than competing brands for similar specs. However, there will always be people that associate low prices with low quality and it seems Xiaomi wants to do something about it. Guess what that is!

The company’s CEO, Lei Jun, said during a Q&A session recorded by TechNode that prices of future phones might be higher than what the company’s user base is used to. 

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