Xiaomi is breaking the sub-$100 barrier with its latest smartphone.

Xiaomi's Redmi 2A

After redefining the budget segment in emerging markets like China and India, Xiaomi is at it once more with its latest product launch, the Redmi 2A. The device is a more affordable version of the Redmi 2, which is available for the equivalent of $120 in India.

Xiaomi was able to drive the price even lower by going with a 1.5GHz Leadcore L1860C SoC, which features a quad-core Cortex A7 CPU and Mali T628MP2 GPU. Other specs of the Redmi 2A include 1GB RAM, 8GB internal storage, 4.7-inch 720p display, 8MP camera, 2MP front shooter and a 2,200mAh battery.

All that is available for just 599 RMB ($96). Xiaomi has announced that it will be slashing the price of the handset to 499 RMB ($80) on April 8 to commemorate its five-year anniversary.

Source: MIUI