Xiaomi rumoured to be cutting prices of Mi4 to just $260 on Singles Day

Sources at Xiaomi talk about special price cut on flagship Xiaomi Mi4 phones for Singles Day.

11th November is Singles day in China, a day to celebrate being by yourself and buying something nice. Each year Taobao, Tmall and others work together with manufacturers to offer special deals and price cuts for one day only.

In the past the limited sales have seen record profits, so not being one to miss a trick Xiaomi will be reducing the price of a number of their products including their flagship Xiaomi Mi4.

Two versions of the Mi4 will be available during the 1 day sale, the 2GB 3G only version of the Mi4 is rumoured to be getting its price slashed to only 1599 Yuan, while the 3GB RAM, 4G LTE version will cost slightly more at 1799 Yuan.

Although sales are for the Chinese mainland only, international resellers might also take advantage of the sales to bring similar price cuts.