We heard the first rumors about a ultra low cost Xiaomi Redmi back in December after Xiaomi invested in the chinese semiconductor CPU company leadcore. Now we get finally more details about this ultra low cost device that passed certification earlier this year already in China.

Originally the Xiaomi Redmi Series, with the new Redmi 2 is Xiaomi’s their low cost series. Since the Launch of the original Xiaomi Redmi though, there have been more and more competitors with equally well phones at similiar prices, eating away at the market share of the Redmi Series. The Launch of Redmi 2 in Singapore and Malaysia cant be compared to in popularity to other Xiaomi phone launches like the Redmi Note or a potential Mi Note Launch.

Xiaomi is not ready to give up on the low cost market though and are now rumoured to launch a device as low as 399 Yuan, which is 63USD or RM235. This would surely enter the Chinese Smartphone market in a new Era of Price Wars. At the moment the cheapest Redmi 2 sells for 699Yuan in China, so a new Xiaomi phone for just 399Yuan would really be a novelty, especially with the following specs.

The ultra affordable new Xiaomi Phone got approval in TENAA earlier this year 

According to our reports the new phone will feature also a 4.7″ HD 720p display, 1GB of RAM and a quad-core Cortex A7 processor coupled with a dual-core Mali T628GPU. From our previous infos we know already the phone will have a design similiar to the Redmi 1S and comes with LTE. This makes this phone definitely a deal and a bargain. The CPU is  very likely the Leadcore 1860, that can be theoretically be clocked up to 2Ghz Also the chip can support 1080p Full HD VIdeos and 2K displays, also not likely in a 65USD device.

Xiaomi Mi Note available to buy now Lazada.com.my

Conclusion: It looks like Xiaomi is preparing to rage a price war in China with their newest phone for just 399Yuan or 63USD. As mentioned earlier the phone got already TENAA Approval in China, so its just a matter of time till we see the launch. If Xiaomi really manages to produce a cheap device like this, we are that it will sell like hotcakes, especially in huge markets like India, but of course also in there home market China and SEA.
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