Red mi come out in market after giving red mi 3s, red mi 3s prime previous they released mi note 4 and then the most chepest and value for money they launched mi 4 with specs as follows
1) camera : it has 13 mega pixcel rear camera and 5 mp front camera
2) processor : adreno 505 gpu
435 octacore processor which process your data more fastly
3) available colour: blwck, dark grey, gold
4) battery 4100 mAH very long lasting
5) support LTE, VOLTE
6) PRICE 10999 only