Their phones use the same hardware that top-rate phone makers like HTC, Sony or Samsung do. The attractive price is possible by selling the phone on thin margins. They also have less overheads by relying largely on online marketing. Buying a new Xiaomi or Mi phone requires you to participate in flash sales, where their products are generally sold out in seconds. Off late, the brand has also started selling its phones through offline retail stores. Xiaomi is often referred to as Mi by users. Last updated on 7th January 2023. Also, view all other pricelists here.