Xiaomi introduces a $13 fitness band

5-inch 1080p screen, the latest quadcore Snapdragon processor, 3 gigabyte of RAM and a choice of 16 or 64 gigabytes of storage.

While not as affordable as the Mi Band, the Mi 4 will launch at approximately USD$320 outright for a 16 gigabyte version, a far cry cheaper than its competitors. The 64 gigabyte model will cost approximately USD$400.

Neither Mi Band nor Mi 4 have set release dates yet, but both devices should be available by the end of the year.