Xiaomi’s sub-brand Redmi, earlier today, announced a minor price hike for the base version of its popular budget handset — the Redmi Note 8. The price hike is blamed on the ongoing Coronavirus epidemic, which seems to have adversely affected Xiaomi’s supply chain in China.
The price hike is only applicable for the base version of the Redmi Note 8. The handset, which had a price tag of Rs 9,999, will now be sold for Rs 10,499. The new price has been updated on the Mi Store as well as on Amazon.in.
Xiaomi has also clarified that they expect to bring the price down to its original state once the issue with its supply chain stabilizes. They did not clarify how soon they expect that to happen. As of publishing this story, the Redmi Note 8 was out of stock on both Amazon and the Mi store. Xiaomi did confirm that the device would be back in stock soon.
Xiaomi issued a statement to Gadgets 360 explaining the circumstances in which they had to hike the price of the phone.
“The extended shutdown in China is likely to have an impact on our Supply chain, and, there is a risk of impact on the overall quantum of component supplies. While we are working to explore alternative supply channels for components and raw materials, the immediate impact is that the short supply might cause some negative pressure on the prices of these components. This has led to an increase in the price of the product temporarily.”
The Redmi Note 8 is among Xiaomi’s most popular budget handsets. The ‘younger’ sibling to the RedmiNote 8 Pro, this phone gets the Qualcomm Snapdragon 665 SoC. Apart from the base 4GB+64GB variant, the handset also comes in a higher capacity 6GB+128GB version. The phone boasts of a quad-camera setup at the rear consisting of a 48MP primary camera, an 8MO ultra-wide-angle-camera, a 2MP depth sensor, and a 2MP macro camera.