The Xiaomi Mi Max powerhouse might get a new variant soon, with less RAM and storage and most likely a lower price to match.

A new leak hints at an upcoming Mi Max version with 2 GB of RAM and 16 GB of storage, which should translate to a budget-friendly price tag.

As a reminder, the regular Xiaomi Mi Max phablet that launched last month features either 3 GB of RAM with 32 GB or 64 GB of storage or a heftier 4 GB of RAM and 128 GB of native storage space.

The mammoth device borders on tablet territory with its immense 6.44-inch display, which is its main selling point. That huge display and a large battery to match turned the Xiaomi Mi Max into an instant hit, making it one of the most desirable phablets with affordable price tags.

The purported new variant with 2 GB of RAM and just 16 GB of storage is said to retain all other specifications of the original variant, including the gargantuan display.

If the RAM and storage are the only specs that are different from the existing Xiaomi Mi Max, it means the new variant should pack a Snapdragon 650 processor, a 16-megapixel rear camera, a wide-angle 5-megapixel selfie cam and a massive 4,850 mAh battery to fire up the huge display. That battery promises impressive performance, and Xiaomi even set up a live stream to show just how long the Mi Max can last on a single charge in standby mode, with its display turned on every hour.

The phablet further features fast 4G LTE connectivity, dual-SIM support and Xiaomi's MIUI 8 software.

In terms of pricing, the Xiaomi Mi Max with a Snapdragon 650 processor, 3 GB of RAM and an internal storage space of 32 GB starts at roughly $230 in China and $325.89 globally. Considering that this newly leaked variant has less RAM and less storage, it's pretty safe to assume that it should also come at a lower price point, which, in this case, would mean under $200 in China and under $300 for the rest of the world.

On the other hand, Xiaomi has not made any announcement in this regards, so it remains to be seen whether such a variant is indeed in the cards. Until we get an official confirmation from the company, it's best to take this leak with a grain of salt. As always, we'll keep you up to date as soon as we learn more.

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