New details on the upcoming Xiaomi 12 Lite smartphone

Xiaomi 12 Lite

At the end of last year, the premiere of the Xiaomi 12 series took place, which currently has three models: Xiaomi 12, Xiaomi 12 Pro and Xiaomi 12X. In the future, two more smartphones Xiaomi 12 Ultra and Xiaomi 12 Lite will join them. The first of these devices should launch in June; and it is among the first contenders for the Snapdragon 8 Gen 1 Plus.

And today, the well-known insider Digital Chat Station shared details about the lite version of the flagship. According to him, Xiaomi 12 Lite will offer a Snapdragon 778G / 778G + chipset, a proprietary MIUI 13 shell, NFC and 8 GB of RAM. In terms of design, the smartphone will repeat the features of the older brothers of the series and will offer a display fingerprint scanner.

New details on the upcoming Xiaomi 12 Lite smartphone

The integration of a fingerprint sensor into the screen suggests that an OLED panel will be offered here. Perhaps the panel here will be similar to the one installed in Xiaomi 12 and Xiaomi 12X. IrDA and stereo speakers are promised. How soon the company intends to introduce Xiaomi 12 Lite, the insider did not indicate. One can only assume that the smartphone may be present in April or May; and China will be the first country where it goes on sale.

Gizchina News of the week

Xiaomi 12 Lite
Credits: Xiaomiui

The Chinese company Xiaomi, whose main activity is the development and production of smartphones, electronics and home appliances, has published financial results for 2021. During the reporting period, the company’s adjusted profit increased to $3.46 billion, which indicates an increase of 69.5% compared to the figure for 2020.

Adjusted profit for the fourth quarter of 2021 reached $702 million, up 40% from the same three-month period in 2020. Quarterly earnings came in above analysts’ expectations of $660 million.

Also, according to the report, Xiaomi’s sales in the fourth quarter of 2021 increased by 21% to $13.5 billion. Annual revenue increased by 33.5% to $51.65 billion. Along with the announcement of financial results, Xiaomi announced a buyback of shares in the amount of at $1.3 billion.

Citigroup analysts Andre Lin and Arthur Lai noted that Xiaomi continues to be the world’s third-largest supplier of smartphones. The company held its ground despite the long supply disruptions and price fluctuations that Xiaomi experienced in the second half of last year. The aggravation of the conflict between Russia and Ukraine will add problems to the company’s foreign business, analysts say. However, they are confident that the consequences of the current geopolitical situation will be “manageable” for Xiaomi.

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