• Xiaomi CEO Lei Jun speaks during a product launch on May 15, 2014, in Beijing, China.

Xiaomi CEO Lei Jun speaks during a product launch on May 15, 2014, in Beijing, China. (Photo : Getty Images)

Xiaomi Mi Max, which was launched last month, will reportedly get a new variant with lesser RAM and storage capacity than the original phablet. The new version will supposedly come packed with 2GB of RAM and 16GB of storage at a price lower than its regular version.

The gargantuan Mi Max device with higher RAM and storage became an instant hit when it was first launched in the Chinese province in May. The specialty about the phablet is its full-HD display size that measures 6.44-inches, which is so big that it can be used as a shed during sunny days.

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 Additionally, the display's high resolution of 1,920x1,080 pixels ensure vibrant and sharp pictures. Enabled with Sunlight Display feature, the screen of the phablet is easy to read under bright sunlight, as pointed out by CNET.  

For Xiaomi fans, the good news is that the new variant will have the rest of features the same except for the RAM, storage and price. Other features of the purported device include a Snapdragon 650 processor, a 5MP selfie camera with wide viewing angle, a 16MP front camera and a huge 4.850mAh battery.

Xiaomi promises quite an impressive performance of the battery, allowing the phablet to run for a long time on the standby mode from a single charge. Based on 4G LTE connectivity, the device boasts of Xiaomi's home-built MIUI 8 software along with dual-SIM support.

While the Xioami Mi Max variant is yet to introduce its new variant, the original 6.4-inch display phablet is only available in China, but it is expected to come to Southeast Asian markets soon. However, Xiaomi customers in the US, Australia and UK can buy the tablet via third-party retailers online.

Considering the less storage and RAM capacity of the new version, it can be assumed that the upcoming device will cost lesser than the Mi Max with 3GB RAM and 32GB storage that was priced at $230 in China. On the other hand, the global price was a little higher at $325.89.

 It can be expected that the new version will cost less than $200 in China and below $300 across the globe, Tech Times reported. However, it should be noted that there is no official confirmation regarding the new Mi Max by the Chinese company.