CHINA TOPIX

Xiaomi Yi 4K to hit US on July 12

Phenny Lynn Palec   |

Jul 12, 2016 09:41 AM EDT

The action camera market was once dominated by GoPro but the company, based on latest sales statistics, is somehow struggling to keep its pace. The main reason for this is the advent of new players who are offering the same quality product for less. The latest to join the market is Chinese tech giant Xiaomi which launched its Yi 4K action camera at a relatively low price point of just $249.