Xiaomi working on $65 smartphone with 720p display and 1GB of RAM?

Xiaomi working on $65 smartphone with 720p display and 1GB of RAM?
Ever heard of Leadcore? Neither had we, but apparently, it's a Chinese silicon manufacturer that received an investment from Xiaomi. Reportedly, the latter is about to introduce a whopper of a low-end smartphone that will sell at just $65 (399 CNY). The company will make use of the Leadcore LC1860 chip, which sounds decent - it's built on an A7 architecture, clocked at 2GHz, and paired with the Mali T628 GPU. The chip supports 2K displays, 1080p @60fps video capture, and LTE. 

Judging by the published spec-sheet, the $65 phone itself could feature a 720p display and 1GB RAM, which is not bad at all considering the price. Although the leaked material doesn't look especially convincing and we can't say for sure whether it is the $65 Xiaomi phone in the picture, it will be nice if more low-end smartphones adopt similar, or possibly better hardware standards down the road. The Chinese manufacturer's current low-end model, the Redmi 1S, offers specs in the same ballpark, and it costs about $150.

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