New report suggests that Xiaomi’s super cheap mid-range Android phone will cost $80

There’s no denying that Xiaomi is working on an ultra affordable mid-range Android smartphone and while many believe that the device will go official for 399 Yuan (around US$64), a new report suggests that the price will be a bit steeper. However, the difference isn’t going to be much as the expected retail tag is just 499 Yuan (approximately US$80).

This information is being reported by Android Headlines that’s citing a Weibo account as its source. At that amount, the upcoming Xioami phone will be cheaper than the Redmi 1S and probably the cheapest mid-range release on the market. And you get some pretty good hardware which is obviously more than your money’s worth.

The super affordable phone was recently spotted in China where it has been certified for sale. If you’re in the dark as to how Xiaomi is capable of pulling this off, the company has invested a lot of cash into chip maker Leadcore and this allows it to greatly reduce the overall hardware cost.

Also read: Xiaomi’s Mi Note and Note Pro want to rule the phablet arena

The SOC used here is the LC1860C with a 1.6GHz quad core configuration and Mali T628 graphics. Additionally, the phone will have a 4.7-inch 720p HD IPS display, 1GB RAM and 8GB of expandable storage. The upcoming phone will be at par with the Redmi 1S in performance, but cheaper.

Here’s an in-depth look at the upcoming Xioami phone’s specs:

– Android 4.4.4 KitKat
– 1GB RAM, 8GB storage (expandable)
– 1.6GHz quad core Cortex A7 SOC w/ Mali T628 MP2 graphics
– 4.7-inch 720p HD IPS display
– 2MP front camera, 8MP rear imager
– 2000mAh battery
– 4G LTE, HSPA+

We’re yet to uncover where this ultra cheap Xioami smartphone will be headed to, but markets like China, Malaysia and India are most likely on the list.