Xiaomi and Meizu are the two Chinese smartphone manufacturing giants which are also great competitors. They have been arguging back and forth via social media lately. The reason for that is the success of Meizu's MX4 smartphone which has been selling like hotcakes ever since it launched earlier this month. Meizu MX4 is priced at 1799 Yuan in China ($449 if you order it internationally, tax and shipping included) and that has really hurt Xiaomi's sales it seems. IUNI and Huawei have also launched solid low-cost phones but it seems Xiaomi has most issues with Meizu. Meizu MX4 has been selling so well that the Chinese company is having issues producing enough models to meet the demand. Xiaomi has its Redmi line of low-cost Android phones but those are a step below Meizu MX4 as far as power goes. It was rumored for some time now that Xiaomi intends on introducing a high(er)-end Redmi phone in order to compete with Meizu MX4, but it seems the company is going to release another (cheaper) version of Xiaomi Mi4 as well.
This device has visited TENAA (Chinese equivalent of the FCC). The listing shows that the new version of Xiaomi Mi4 will unlike the original sport 2GB of RAM and 16GB of internal storage (the original has 3GB of RAM and 32GB of internal storage). The remaining of the specs seems unchanged, 5-inch 1080p (1920 x 1080) IPS LCD display and Qualcomm's Snapdragon 801 processor will be included and the device will offer LTE support. 13-megapixel camera is here as well, same goes for the 5-megapixel front-facing shooter. Android 4.4 KitKat will come pre-installed with Xiaomi's MIUI 6 OS on top of it. You can see the render of the device in a gallery below the article.
Meizu, on the other hand, plans to release 3 more devices this year according to Company's founder and CEO, Jack Wong, as it was stated earlier. MX4 Pro and MX4 Mini will probably be the 2 devices to come from this Chinese company while the third one is unknown at this point. This cheaper version of Xiaomi Mi4 might be just what the company needs in order to compete with Meizu's MX4. Xiaomi will reportedly price this device at 1799 Yuan, which is MX4's price at the moment.