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We have been hearing for a while now that Xiaomi is working on a smartwatch. The company is yet to unveil this wearable device but a rumor out of China claims that the Xiaomi smartwatch release is going to take place later this month. It’s also claimed that the company’s smartwatch may not be as cheap as many believe it to be.

Xiaomi has made a name for itself by selling products with respectable specifications at very attractive prices. This naturally leads many to believe that any and all upcoming products will follow this strategy as well, hence the expectation that the company’s smartwatch will be competitively priced as well.

A new rumor out of China claims that Xiaomi is going to release its first smartwatch later this month. No further information about the specifications and features has been provided as yet, only that it may not be priced as cheap as some might be hoping.

Previous rumors suggest that the Xiaomi smartwatch will be priced under 999 Yuan or $150 but it’s now being said that the smartwatch could be a bit more expensive than previously believed.

Xiaomi is yet to confirm when its new smartwatch is going to be out and in which countries it will initially be sold in.

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