China’s Xiaomi set to release Mi-Two smartphone on October 30th

China’s Xiaomi set to release Mi-Two smartphone on October 30th

Chinese smartphone maker Xiaomi promised it would release its $320 Mi-Two smartphone in October, and it’s sticking to it, if just barely. The company has revealed that it will release a small batch of 50,000 on October 30th.

Though it initially announced that the Mi-Two would come with just 16GB of storage, Xiaomi founder Lei Jun changed his mind and decided to offer a 32GB version, which will cost RMB 2,299 ($369)

The release next Tuesday is likely to be a frenzy, as Xiaomi attracted over one million preorders for its Mi-One S device, a revamped version of its first-generation handset, in August. A 250,000-unit second wave of the hotly-anticipated device is schedule to arrive in China in the middle of November, but supply is likely to be constrained for several months.

The anticipation for the Mi-Two has been building for a couple months now, as the handset was first announced back in August. The phone features a Qualcomm Snapdragon S4 quad-core processor, 2GB of RAM and a 4.3-inch 1280×720 display. It also includes an 8-megapixel rear camera and a 2-megapixel front camera.

Xiaomi released its Mi-One S Youth Edition handset for students earlier this week. It sold 350,000 units in just 4 minutes and 15 seconds. An earlier set of 300,000 Mi-One S phones sold out in four minutes.

Read next: MIO's Active Connect watch integrates with MyFitnessPal to help people lose weight effectively

Corona coverage

Read our daily coverage on how the tech industry is responding to the coronavirus and subscribe to our weekly newsletter Coronavirus in Context.

For tips and tricks on working remotely, check out our Growth Quarters articles here or follow us on Twitter.