Xiaomi said to be working on $50 Android smartphone!

Xiaomi's Hongmi might be one of the better value phones on the market but even that $130 phone is starting to look pricey when compared to the JiaYu F1, but Xiaomi aren't giving up yet and are believed to be working on a $50 phone!

Xiaomi are aiming to expand throughout Asia and a low cost phone could be just what the company needs to break in to emerging markets. Obviously, details of the $50 Xiaomi haven't been made public yet, but we can guess the phone will be running one of Mediatek entrylevel quad-core MT6582 chipsets, around 1GB RAM and possibly a 4.5-inch display.

When Xiaomi plan to launch is also a mystery, but we will keep you updated with all the latest news!