Sketchy Rumour Claims Xiaomi Planning New Budget Smartphone for 2015

Xiaomi smartphones have been well received in emerging markets, but it need to push on further to take on the likes of Micromax and Karbonn in order to expand its reach beyond a target market.

Xiaomi recently launched the Redmi 2 at a mouth watering price of Rs. 6,999, but the Chinese company aims to unveil a new high quality handset for even less. There have been long hints that the company has been working on a new budget device that could be priced around $65 (approximately Rs. 4,095).

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That said, a new Xiaomi phone made specifically to address more price-sensitive markets that Micromax and Lava addresses currently-actually doesn't sound all that ridiculous these days. Now, according to Chinese website Mydrivers, Xiaomi's forthcoming entry-level smartphone will be positioned below the Redmi 2. The tech site also posted an alleged image of handset, along with its possible specifications.

According to the report, the upcoming budget phone will feature a 4.7-inch 1280 x 720 HD display, LCI1860C quad-core Cortex-A7 chipset with Mali T628MP2 GPU, 1GB of RAM, 8GB of native memory, an 8MP shooter at the back and a 2MP front-facing shooter. One major but notable difference is the chipset, where an LC1860C is being used instead of the Snapdragon 410 (64-bit) in the Redmi 2.

We still don't yet know that this "low-cost phone" is real, but it does make sense to produce such device and sell it at $65 (Rs. 4,095).