The latest and greatest phone from the company known as the Apple of the East, the Xiaomi Redmi Note 2 continues the company’s trend of offering impressive specifications at astonishingly low prices. It’s also one of the fastest selling phones of all time, having shifting 1.5 million units in its native China in the space of a fortnight.Boasting a 5.5-inch full HD screen, 64-bit Octa-core processor and a 13-megapixel camera supplied by Samsung, the Redmi Note 2 gives the best Android phones out there a serious run for their money – and all for around £125.Related: Best smartphones 2015Xiaomi Redmi Note 2 – DesignCompared to the iPhone-like Xiaomi Mi4 the Redmi Note 2 is a reserved and plain offering, sharing many similarities with its immediate predecessor, the original Redmi Note. It has a two-part construction, with themain body of the handset clipping intoa plastic shell that covers the removable 3060mAh battery, dual Micro SIM card slots and microSD slot.The front of the phone is entirely black, save for a trio of red capacitive action buttons which cover the usual multi-tasking, home and back Android functions. The back panel – which comes in a range of colours – is fashioned from matte plastic and is equally sparse, offering up the camera lens, LED flash, Mi logo and speaker grille.Around the edges you’ll find the volume and power buttons on the right-hand side and the 3.5mm headphone jack and IR blaster on the top. The charging socket is on the bottom edge, and uses a squared-off MicroUSB-A connection despite the fact that the charging cable itself has the more common MicroUSB-B connector.At just over 8mm thick and weighing 160g, the Redmi Note 2 is relatively thin and light. The use of plastic gives the phone a less premium feel when compared to the likes of the HTC One M9 and Samsung Galaxy S6.I noticed that the two-part casing creaks audibly when squeezed, largely because the back panel clips on ratherthan being permanently secured – thisis especially noticeable on the left-hand side of the device. These minor points aside, the Redmi Note 2 is an unassuming yet attractive handset.Redmi Note 2 – DisplayThe Redmi Note 2 employs a 5.5-inch IPS LCD panel which boasts a full HD resolution of 1920x1080 pixels. That supplies a pixel density of 401 ppi, which basically makes it impossible todiscern individual pixels without the aid of a magnification glass.Detail, colour replication and contrast are all excellent, and while the display isn’t as bright and punchy as the AMOLED panels you find on the likes of Samsung’s handsets – and it’s noticeably harder to view in direct sunlight – it’s still impressive, especially on a phone which costs so little.Xiaomi Redmi Note 2 – Software and FeaturesFor such a modestly-priced phone the Redmi Note 2 is packing some amazing specifications. It’s powered by a Helio X10 MediaTek MT6795 64-bit octa-core processor – the same one found in HTC’s One M9 – and comes with 2GB of RAM.Two storage options are available: 32GB on the Redmi Note 2 Prime model, which is the one I reviewed and16GB on the basic edition. A microSD card slot allows you to expand the phone’s storage.4G connectivity is included – something that was missing from some versions of Xiaomi’s flagship Mi4 – and the roomy 3060mAh battery is removable, which will be a massive selling point to those of you who have grown tired of the current trend for sealed units and non-serviceable power cells.An IR blaster situated on the top of thephone can be used in conjunction withan app to control your television set oraudio appliance, and the 13-megapixel Samsung-made rear-facing camera takes amazing photos, supports 1080pvideo recording and boasts a super-fast focus time.One thing that is notably absent is NFC, as Xiaomi CEO Lei Jun feels that it isn’t used enough to warrant inclusion in the company’s phones. Hecould well have a point, but with Apple, Samsung and Google all pushing their own mobile payment services this year, we’re likely to see a massive spike of interest in this contactless tech and its uses.It’s a shame that the Redmi Note 2 won’t be along for the ride, but to manybuyers it won’t be a major negative. Quick Charging 2.0 – something that was rumoured prior to launch but never confirmed by Xiaomi – is also missing.In terms of software, the Redmi Note 2is sporting Android 5.0.2 with Xiaomi’s excellent MIUI 7 skin over the top.