The unnamed budget Xiaomi smartphone is said to feature LTE support, apart from an HD (720p) display and pack 1GB of RAM.
According to Gizchina (via Mydrivers), the Chinese firm that is often called China's Apple recently invested in a chipmaker named Leadcore, and the rumoured Xiaomi smartphone is likely to be based on the new Leadcore chipset.
The rumoured Leadcore chipset is the LC1860, which is said to be built on 28nm fabrication processor and utilise 2GHz Cortex-A7 cores (no word on the number of them) alongside a Mali T628 GPU. Further, the chipset as per a leaked specifications sheet will come support up to 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.
As of now, information about the $65 Xiaomi smartphone is limited.
Reports have been tipping that Xiaomi has been also working on a successor to the Redmi Note, expected to be called the Redmi Note 2, for a while. The successor of Redmi Note phablet, as per recent leaked image showed the upper part of the back panel, sporting what seemed to be an 8-megapixel camera with flash, along with a microphone and an MI logo placed below the camera module.
The popular Chinese company was also recently reported to be planning to enter the camera segment with a new product, which will likely be a GoPro-style action camera similar to the RE camera recently unveiled by HTC.