Xiaomi CEO Lei Jun confirmed yesterday that Mi Band 3, the third-generation wearable from the company, will launch alongside flagship Mi 8 smartphone on May 31. The Chinese smartphone maker is hosting its 8th anniversary product event in Shenzhen where it is expected to reveal its biggest product lineup yet.
Jun has been spotted with a new fitness tracker multiple times in the past. Now, leaks originating from China hint at the retail price of the wearable. The pricing details of Mi Band 3 have surfaced on Weibo, China’s social media platform. It indicates that the next generation fitness wearable will be priced at RMB 169 (around Rs 1,800). The pricing seems to be inline with the retail price of Mi Band 2, which was launched in India at Rs 1,799.
While the leak does not reveal anything beyond the retail price of Mi Band 3, it does indicate that Xiaomi is planning another cheap wearable device. The Mi Band 3 is expected to feature a large, full-touch 2.5D curved display and might drop the physical button at the front. It is expected to be the biggest design change and support touch-based navigation interface.
The leaks indicate that Mi Band 3 users will need to slide the screen up and down as opposed to tapping the physical button on existing Mi Band 2 to view their step count, heart rate or time. In a Weibo post, Jun stated that the company has been testing the wearable for past two or three months.
According to Canalys, Xiaomi took the joint lead along with Apple in the wearable segment during the first quarter of 2018. The Chinese tech startup is estimated to have shipped 3.7 million units of Mi Band and Mi Band 2 during the first quarter. It currently has a market share of 18 percent and the Mi Band 3 should help it reach more consumers with its cheaper price tag and new features.
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At its May 31, Xiaomi is confirmed to launch Mi 8, Mi Band 3 and MIUI 10. The company is also rumored to introduce Mi 8 SE as a special edition smartphone for its home market. In addition to these devices, Xiaomi might also launch Mi Router 4 and few more accessories in its smart devices segment.
Xiaomi has filed for an IPO in Hong Kong where it is expected to get listed with a market cap of nearly $100 billion. The launch event on May 31 is being seen as a test for the company ahead of its proposed initial public offering. The launch of new products and their response among consumers will decide the fate of Xiaomi’s IPO later this year.