Xiaomi rumoured to release a new device running Snapdragon 808 SoC

It has not even been a month since the Xiaomi Mi 4i launch, and there already rumours of the next phone about to be released by the Chinese phone maker. According to a post in Gizmochina, a Chinese electronics industry analyst has posted about Xiaomi's alleged new phone on his Weibo account.According to Pan Jiatung, the new Xiaomi phone will be released by the third quarter this year and will most likely employ the Qualcomm Snapdragon 808 SoC. This puts the device between the Xiaomi Mi 4i and the flagship Xiaomi Mi 4.Despite the powerful SoC vis-a-vis the Snapdragon 615 seen on the Mi 4i, there are speculations that the new phone will be priced closer to the Mi 4i than the Mi 4. In fact, the price is rumoured to be in the 1,299 Yuan to 1,499 Yuan range which is between Rs 13,500 and Rs 15,500.There is no speculation on the design front. The whole idea behind this new powerful device, expected to release, is that the Mi 4i has yet to reach countries outside India.