The Mi 4 spec sheet sure reads like a much more expensive flagship phone. The Xiaomi Mi 4 sports a 5-inch 1080p Full HD screen, a 2.5GHz quad-core Snapdragon 801 SoC with 3GB of RAM, a 13MP rear camera, an 8 megapixel front camera for selfies, LTE connectivity, 802.11ac WiFi, a 3,080mAh battery, and either 32GB or 64GB of internal storage. And all of that can be had for only $320 and $400, respectively.
With an offer like that, you might wonder why Xiaomi has failed to make a splash outside of China and Asia. Then, you realize that the Mi 4 likely won't see the light of day outside of China or Asia. You can stop wondering now.