Reports of a lower cost version of the Xiaomi Redmi first began back in December after Xiaomi invitees in a local semiconductor company. Those rumours haven’t done away with additional details uncovered this morning.
Xiaomi broke the low-cost mould when they released the original Redmi, but since then there have been handfuls of equally well priced phones from rivals diluting the appeal of the Redmi. Still the feisty company are ready to give up on the low-price phone market and are rumoured to kick off a new price war with a rumoured 399 Yuan device.
In China the Redmi 2 retails at 699, so a 399 Yuan phone would really shake the market up, especially if it boasts the following rumoured features. According to insiders the new device will follow the same 4.7-inch 720p display route, and feature 1GB RAM, quad-core Cortex A7 processor and dual-core Mali T628 GPU.
From previous reports the phone appears to also have a similar Redmi design and boast LTE support too, making it quite the bargain.
For 2015 Xiaomi hope to boost sale and profit, the new model has been designed to meet the requirements of fans on a budget and could account for 100 million sales for the company once released!Source ]