Back in June earlier this year, Xiaomi officially launched the Mi Band 4. Given the success that the company has been seeing with the Mi Band series of fitness trackers, we expect that a Mi Band 5 will most likely be launched as well, and probably in 2020. As it turns out, it seems that maybe we could see it earlier than expected.
During a Q&A session at Huami’s Q2 2019 earnings call, the company was asked if they would be continuing to work with Xiaomi on developing the Mi Band fitness trackers. For those who are unfamiliar, Huami is actually the maker of the Mi Band, despite the fact that it comes with a Xiaomi branding on it.
In response to that question, the founder of Huami, Wang Huang, confirmed that not only would they be continuing their partnership with Xiaomi, but that the Mi Band 5 is actually already in development.
“We do not have – we do not have a fixed time when we’re going to launch Mi-Band 5. But I would say that we have already started working on Mi-Band 5 with Xiaomi and it’s not going to take that long. So we just launched Mi-Band 4, but potentially toward the [Indecipherable] of next year, we may launch Mi-Band 5.”
The Mi Band series of fitness trackers have been doing pretty well for themselves and have actually put Xiaomi in a favorable position in the wearables market. This is largely due to the fact that the Mi Band is priced extremely affordably, with the Mi Band 4 coming in at around $45, a fraction of what other companies charge. If you’d rather not wait for the Mi Band 5, you can grab the Mi Band 4 on Amazon now.