Xiaomi at its Tuesday event in China revealed new devices on the occasion of its fifth anniversary, alongside announcing a price cut for the Mi 4.

The firm's 2014 flagship smartphone, the Xiaomi Mi 4 will now retail at CNY 1,799 (approximately Rs. 18,000) for the 16GB variant down from the previous price tag of CNY 1,999 (approximately Rs. 20,000). According to GizmoChina, a 'lite' variant of the Xiaomi Mi 4 with 2GB of RAM instead of 3GB, will now retail at CNY 1,699 (approximately Rs. 17,000) - a CNY 100 price cut from the earlier price of CNY 1,799. Notably, both the Mi 4 variants will be available at reduced priced starting April 8.

Unfortunately, there is no clarity whether both the 64GB storage variant will also receive a similar price cut in China. The firm has also not detailed when the reduced prices will be made available in other countries.

To recall, Xiaomi took the wraps off its 2014 flagship handset in July last year. It was launched at CNY 1999 while the 64GB model was priced at CNY 2499 (approximately Rs. 24,200).

Currently, Xiaomi India is selling the 16GB Xiaomi Mi 4 at Rs. 19,999, while the 64GB Mi 4 at Rs. 23,999 in the country via Flipkart.

For specifications, the Mi 4 (Review | Pictures) runs Android 4.4 KitKat with the company's MIUI 6 skin on top. It features a quad-core Qualcomm Snapdragon 801 processor clocked at 2.5GHz; 3GB of RAM; 5-inch full-HD display (1080x1920 pixels); 13-megapixel rear camera; an 8-megapixel front-facing camera, and a 3080mAh Li-ion battery.

Xiaomi on Tuesday unveiled a more affordable variant of the Redmi 2, the Redmi 2A. The Chinese company alongside also unveiled the Mi Note (Pink Edition).

The Xiaomi Redmi 2A has been launched at CNY 599 (approximately Rs. 6,000) and will be available at a special price of CNY 499 (approximately Rs. 5,000) on April 8 in China. The Xiaomi Mi Note (Pink Edition), on the other hand, has been priced at CNY 2,499 (approximately Rs. 25,000), which is slightly more than the original Mi Note that was launched at CNY 2,299 (roughly Rs. 23,000) for the 16GB model.

Apart from the new handsets, the Chinese company also launched three other products - the Mi Smart Scale, Mi Smart Power Strip, and Mi TV 2 55-inch model.