Xiaomi is doing great in the market these days. The company has sold 44 million handsets by the end of Q3 this year and will most definitely go over their estimated 60 million handsets sold mark by the end of the year. Xiaomi is number 1 smartphone manufacturer in China and 3rd one globally. These are really staggering stats considering this company was founded in 2010 and in 2013 they sold "only" 19 million units. The company is also planning or sorts of expansion, from India, Latin America and South-East Asia to Russia. It seems like this Chinese manufacturer has other plans in mind as well. Xiaomi has recently invested some cash in a Chinese SoC manufacturer Leadcore and we already have some news following that investment.
Details have emerged of a 399 Yuan ($65) Xiaomi smartphone powered by Leadcore processor. I don't know if you've heard of Leadcore, but I wouldn't be surprised if you haven't. This Chinese company is nowhere near as well known as MediaTek is for example nor does it have a significant market share, but considering Xiaomi is showing interest in this company, that might change soon. Anyhow, back to the phone itself. LC1860 SoC has support for 2K LCD displays and is built around a 28nm Cortex-A7 architecture while it runs at 2.0GHz. This chips comes with a Mali T628 GPU for graphics processing and offers 1080p video capture at 60 FPS. This chip also brings 4G LTE support. The upcoming Xiaomi phone will allegedly cost only 399 Yuan ($65), as I already mentioned, and will include this LC1860 SoC on the inside. The device will reportedly sport a 72op display and 1GB of RAM along with 4G LTE support.
Xiaomi's handset are really cheap as it is, phones with LC's chips would only bring that price further down, which is a good thing I guess, as long as these LC chips can offer decent performance. I doubt Xiaomi will give up on Qualcomm's Snapdragon processors though, my guess is that Xiaomi will include these LC chips in their cheapest smartphone line and once again push the limits of low-cost smartphones. We'll let you know as soon as we get some more information when it comes to this device.