Remember that crazy rumor about Xiaomi prepping an upper mid-range phone with 720p display, quad-core processor and $160 price tag? Well, it’s a rumor no more. And it gets better, as the Red Rice is reportedly set to go on sale for an incredible Yuan 799 ($130) after all.

Xiaomi Red Rice Xiaomi unveils Red Rice phone: 4.7 inch HD screen, quad core power, $130 price

Wait, that can’t be right. 130 bucks for an Android-based gizmo with 4.7-inch HD screen and quad-core heat? Surely there must be some strings attached.

Well, there might be, but for now they’re nowhere in sight. The Red Rice has gone official courtesy of a Sina Weibo announcement earlier today and should go on sale in China as soon as August 12. The $130 price point will be valid sans any contractual obligations and what’s best of all is the 4.7-inch handheld will also come with dual-SIM support.

And an 8 MP rear-facing snapper. And 1.3 MP front cam, 1 GB of RAM, 4 GB of on-board storage and microSD support. Definitely not a dreamy list of features… for an expensive high-ender, but for such a cheap mid-ranger, it’s pretty amazing.

Xiaomi RED Rice 2 Xiaomi unveils Red Rice phone: 4.7 inch HD screen, quad core power, $130 price

Of course, the quad-core CPU inside the Red Rice is no Snapdragon 600 (or 800) unit, but instead a more modest MediaTek MT6589T. You also get nothing close to a stock Android experience, as the phone runs the heavily skinned MIUI 5 ROM. Then again, forked Android is not always bad and in this particular case the UI should be very intuitive and overall interaction with the device’s software smooth as silk.

In terms of design, the Xiaomi Red Rice looks like a winner as well, rocking a very slender body and a bunch of playful color options. Aside from the snazzy red variant, the phone also comes in yellow, blue, green, plus slightly unflashier white and black robes.

And now if you’ll excuse me, I think I’ll go ahead and cry myself to sleep while checking out the garbage that us Westerners can buy for $130. Do you folks living in China at least know how lucky you are?

Via [The Next Web]