BANGALORE: Probably, the one smartphone that is ruling the smartphone markets is Xiaomi. With the release of MI3 and Redmi, millions of smartphone units have been sold so far and the sale is still running. It is the low price that fascinated the millions of buyers out there.

To create further wide upsurge in the market, Xiaomi is emerging with a smartphone at a very low price of 4,000. The name of the smartphone is not revealed yet but it is believed to feature LTE support, 720p (HD) display andM 1 GB RAM.

According to Mydrivers, Gizchina, the Chinese firm that is often called as the China’s Apple is reported to invest in a chipmaker named Leadcore for a chpset LC1860, built on 28nm fabrication processor and utilize 2 GHz Cortex- A7 cores with a Mali T628 GPU.

The leaked specifications revealed that the smartphone supports 2K LCD displays; record videos up to 720p at 120fps and 1080p at 60fps, apart from 4G LTE, 3G, GSM/ EDGE, WCDMA, LTE FDD, and TD-LTE network connectivity.

The rumors surround Xiaomi is continuously working on the successor of Redmi Note, probably known as the Redmi Note 2 at the moment.  The leaked images of the Phablet revealed the upper part of the back panel with an 8 MP camera with a flash, microphone and to strengthen the rumor MI logo said it all.

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