Hold on to your hats! The next Xiaomi could be a Mediatek Turbo phone!

The legendary Xiaomi 'Red Rice' rumours have sparked up once again today with talk that the phone could be powered by the latest quad-core MT6589T Turbo Mediatek chip and be priced to give the JiaYu G4 a run for its money!

Apparently July is the month we will eventually see the official unveiling of the purported Xiaomi 'Red Rice', a phone which will be priced at 500 Yuan less than the already very affordable Xiaomi M2A!

New reports suggest that the 4.7-inch Android phone will be powered by a Mediatek processor after all but rather than the regular MT6589 chip the updated 1.5Ghz MT6589T will be used. We're currently still running on rumours and speculation, but a quad-core Xiaomi phone with 4.7-inch display costing just 999 Yuan is likely to give companies like JiaYu the hebejebes!