Xiaomi is said to be working on a new handset that will compete against the Meizu MX4 and according to reports, will be a Redmi series device with high-end specs.

The smartphone is speculated to be released as a successor to the Xiaomi Redmi Note released in March 2014. The Xiaomi blog already revealed the details and price tag of the rumored device.

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The handset still has an undisclosed product name but is reportedly a dual SIM smartphone that will be powered by an octa-core MT6595 MediaTek processor and 3 GB of RAM. The chipset has four Cortex A-17 cores clocked at 2.2 GHz and four Cortex A-7 cores clocked at 1.7 GHz.

According to reports, the MediaTek chip has undergone AnTuTu benchmark tests and has a score of 47,233. Its score clearly shows the new NediaTek processor is a big powerhouse.

Other specs of the supposed Redmi Note successor are a 5.5-inch display, 16 GB, 32 GB, 64 GB and 128 GB of internal storage, 20.7 megapixel primary camera, 8 megapixel secondary camera, 4G LTE, Dual-SIM, NFC, temperature sensor, gesture control and 3500 mAh battery capacity.

The Redmi Note successor is priced at $165 for the 16 GB, $215 for the 32 GB and $245 for the 64 GB. The price of the 128 GB variant is still unknown, as well as its availability and release.

The Redmi Note released in March 2014 had a 5.5-inch display screen with HD resolution and 267ppi. It has a MediaTek MT6592 octa-core processor with Mali-450MP4 and 1 GB of RAM. It was also loaded with Android 4.2 Jelly Bean OS.

TagsRedmi Note 2, Redmi Note 2 Specs, Redmi Note 2 Features, Redmi Note 2 Launch, Redmi Note 2 Release