Xiaomi is reportedly working on an affordable smartphone boasting 4G LTE support. According to Gizchina, this smartphone will cost 399 yuan, which roughly translates to Rs 4,000, placing it lower than the entry-level Redmi 1S. Also Read - Top 5 smartphones with great battery life under Rs 20,000 in May 2021: Poco X3, Moto G60 and moreAlso Read - Xiaomi Redmi K40 Gaming Lite could be in the works, specs leaked
Not a lot of details are known about the smartphone in question, but according to the report, it will feature a 720p display and 1GB of RAM. As far as the processor is concerned, Xiaomi is said to have invested in a company called Leadcore, which makes ultra-affordable chipsets. The LC180 chipset is said to use 2GHz Cortex-A7 cores alongside Mali T628 GPU, and can support up to 2K displays, cameras that can record up to 1080p videos, and LTE connectivity. Also Read - This Qualcomm chip bug affects around 30 percent of phones globally: Report
It is difficult to comment on the authenticity of the information, but if Xiaomi does make an Rs 5,000 LTE capable smartphone, it will again disrupt the smartphone market similar to what it did with its Mi 3, and Redmi 1S smartphones.
Xiaomi entered the Indian market earlier this year, and its first two smartphones (Mi 3 and Redmi 1S), offered specifications at a price point no other company offered. This resulted in flash sales where the handsets would fly off shelves in a matter of seconds. Though its smartphones are only sold via the online route, there is a huge demand for its smartphones.
The Chinese company is now set to launch the Redmi Note in India within the next couple of months, which will become the cheapest smartphone in India powered by an octa-core processor. It is also expected to launch the Mi 4 in India, and if the Mi 3 sales are anything to go by, the company could find it difficult to keep up with the huge demands.