Xiaomi is the company that always launch super-cheap phone with high-quality. And this company is now on top 5 world’s largest company (report in Q3,2014). But according to some news which revealed earlier today that “the world’s fastest-growing smartphone maker is barely profitable”. In more detail, this company’s profit is less than what a lot of analysts had forecasted with an overall profit margin of only 1.3%. Remarkably less than the 28.7% Apple are reporting and 18.7% of rival Samsung.

And recently, we received some rumours about a launch of super-cheap 500 yuan Android handset in 2005. And although this is not the first time we have heard news of a cheaper Xiaomi phone. Sometimes, we got a news might have more relation with a phone which is powered by a 4G LTE processor from Chinese SoC manufacturer Leadcore, who Xiaomi recently invested in.

But this phone is really considerable with an estimate of 500 yuan or about PHP 3643. This phone is cheaper than not only current Mi devices but also even the already well priced Redmi line. And it seemingly that Xiaomi will cooperate with BOE technology to create an affordable display for this upcoming phone.

We can clearly understand that after a huge success year, it’s no doubt that Xiaomi will continuously create and publish more and more smartphones in the next year. Of course, there is no chance the Lei Jun and his team will take next year of to let other follow up closely.

All of the specs and official price are not revealed yet. But it’s worthy to wait for a phone with an amazing price like that. What do you think?

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