Xiaomi's 4K Mi Drone to Cost $600

China-based Xiaomi device has conquered smartphones in the region, and dabbled in tablets, smart home gadgets, and fitness trackers. What's next? Drones.

The Xiaomi drone looked remarkably like Hong Kong-based Yuneec’s Typhoon H drone, raising the question of whether the drone could be a collaboration between the two companies. However, Xiaomi’s smartphones have very similar designs to its competitors; it doesn’t sell smartphones in the US for fear of patent lawsuits.

Xiaomi plans to unveil its Mi Drone on Wednesday, and according to Bloomberg, it will cost about $600. Xiaomi did not respond to a request for comment, but the company's marketing director told Bloomberg that the Mi Drone will indeed come with a "very thin margin."

At $610, the Xiaomi Mi Drone could find a slice of the market looking for a budget-friendly device with all of the features customers would expect to find in higher-end devices, a formula that helped Xiaomi stand out in the smartphone market.

Source: Xiaomi Device