Xiaomi has begun teasing the launch of a new phone, a teaser of which you can see below.
Not much is known about the phone except the price.
It’s a bit odd, as the price is usually the last thing to be announced. But there is a reason why this is happening.Xiaomi is actually crowd funding the phone and people who pay over the touted price, will get the difference refunded, if the price is under 1000 Yuan.
Yes, the new phone will be priced at 1000 Yuan which is about Rs 10000 or $157. The huge bezel in the teaser image and the budget friendly price tag suggests this could be the Redmi 3.
source: Xiaomi
