In 2013 Chinese phone maker Xiaomi launched the Redmi, a low-cost smartphone with mid-range specs. This year the company is following it up with the Redmi 2, an even better phone that still has a low price.
The Redmi 2 will sell for about $112 in China, but the phone sports a 64-bit CPU, a 720p display, and dual-SIM 4G LTE support.
The new Redmi 2 has a 4.7 inch, 1280 x 720 pixel IPS display with 312 pixels per inch, a 1.2 GHz Qualcomm Snapdragon 410 quad-core processor with Adreno 306 graphics, 1GB of RAM, and 8GB of storage.
Update: Xiaomi has announced an updated version with 2GB of RAM and 16GB of storage.
It has an 8MP rear camera, a 2MP front-facing camera, and a 2200mAh battery.
The phone runs Google Android software with the MIUI 6 user interface, and Xiaomi will offer 5 different color options for the back cover.
Last year’s model also had a 4.7 inch, 720p display but some models had a slower MediaTek processor while others had a Snapdragon 400 chip.
Xiaomi’s phones may not be available in the US or Europe yet, but the company sold more than 61 million smartphones in 2013 in China, Singapore, India, and a few other markets. The company hopes to expand to new markets in the coming years.