An industry analyst, Pan Jiutang has said the Mi 5s and Mi Note 2 will follow the trend of the newly released Redmi Pro and have higher prices than their predecessors.
The Redmi series is known for its low price tag but that has changed with the release of the Redmi Pro which has a starting price of 1499 Yuan ($224) and goes up to 1999 Yuan ($299), setting the record for the most expensive Redmi phone. But that shouldn’t come as a surprise since the Redmi Pro is sporting a number of new features the company hasn’t put on a phone before, such as the use of dual rear cameras and an OLED display.
The Mi 5s is reported to also launch with dual cameras. It will have a glass body, an ultrasonic fingerprint scanner, and an advanced pressure sensitive display. The Mi Note 2 on the other hand will feature a snapdragon 821 SoC and an advanced pressure sensitive 2K display as well but with a curved edge. These new features will definitely see them having higher price tags but which are still competitive enough for them to give the competition a run for their money.
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The Mi 5s and Mi Note 2 are expected to launch next month before the release of the iPhone 7s (sevens) in September. [source]