POSTED: Friday, August 17, 2012 - 4:57pm
UPDATED: Friday, August 17, 2012 - 8:52pm
A new smart phone will soon be on the market in China that could challenge the iPhone.
The phone is called the Mi-Two and its a successor to the popular Mi-One smart phone that is produced by a Chinese firm.
The maker of the phone launched its latest creation in Beijing with all the glitz and glamor expected from its rivals Apple and Samsung. This newest device has specifications that fans say surpass the iphone 4s and it sells for half the price.
Phones like this are so popular in China they sell out within minutes of going on sale. Smart phones are booming in China and China is expected to move past the US this year as the largest smart phone market in the world.