Xiaomi might not be exactly what we’d call a household name in the U.S. smartphone market, but over in China the company has quite the following, and releases some pretty stellar hardware at great prices. We’ve seen plenty in the past, but their latest device that was leaked today is aiming bigger than most, and comes in ridiculously affordable at just $130 according to reports.

The phone leaked today is being called the Xiaomi Red Rice, for its red polycarbonate shell, but we’ll probably see something more traditional as far as a name later this year. The interesting fact here is instead of the traditional 4.3-inch screen of most of their phones, we have a massive 4.7-inch 720p HD display.

We’ve seen reports and rumors of an impressive sounding Xiaomi MI-3 to follow the success of their past devices, complete with a 1080p display and a quad-core NVIDIA Tegra 4 processor, but so far we have nothing concrete on that device yet either. What we do know is Xiaomi has some stellar hardware coming soon, and it will be budget friendly, as always.

Images today were unearthed by IT168 and show a rather unique red device in the works and coming soon for Chinese markets. Sadly according to the reports that 4.7-inch screen will only be 720p and not 1080 like the MI-3, and only sport a dual-core processor. It will have 1GB of RAM, an 8 megapixel camera, and powered by a 2,000 mAh battery. The good news to this however, is Xiaomi could be prepping this device to be an excellent budget friendly smartphone, even cheaper than their others. Reports are stating you’ll get it all for just $130. As in all of that for $130 without signing a contract or subsidizing the smartphone.

SOURCE: UnwiredView