Xiaomi Redmi Note
Xiaomi planning for next-gen Redmi Note with a 5.5in screen.Xiaomi

Following a series of rumours over the past few months, Apple has unveiled two new iPhone models, a 4.7in variant and a large-screen model featuring 5.5in screen.

The unlocked version of 4.7in iPhone 6 is now available for purchase via UK Apple Store with suggested retail price starting from £539, whereas the 5.5in model at £619 having similar storage.

With the latest iOS 8 software and the new A8 64-bit processor, the iPhone 6 is one of the most powerful smartphone.

However, if price is the only concern for those who wish to own a budget-friendly large-screen device delivering faster performance, Xiaomi's upcoming Redmi Note could serve better.

Rumours are doing rounds about a new addition to Xiaomi's Redmi Note lineups, which has been spotted at Xiaomi's blog. The posting at the site reveals a few hardware features of the smartphone.

Xiaomi Blog

According to the listing, the successor to current Xiaomi Redmi Note will pack a MediaTek MT6595 32-bit octa-core processor with four Cortex-A17 core running clock speeds up to 2.2GHz and rest four Cortex-A7 cores clocked up to 1.7GHz, while paired with 3GB RAM.

The MediaTek MT6595 octa-core is said to be the fastest processor and has scored 47, 233 points in the AnTuTu benchmarks, adds gadgetzarena.

The blog post further states that new Redmi handset will sport a 5.5in full HD display, 20.7 megapixel rear-camera, an eight megapixel front-camera and a huge 3, 500mAh battery supporting faster charging capability. In terms of connectivity, the smartphone will support 4G LTE networks speed, NFC and some gesture sensors.

The new Redmi Note will have 16GB, 32GB, 64GB and 128GB variants with price tag bearing $165, $215 and $245 respectively. The price for the 128GB model is unknown.

While comparing this with 5.5in Phone 6 Plus, next Redmi Note with the same screen size is six times cheaper.