[YeahBuddyBBY]

You can check out the full specs here:
http://www.gsmarena.com/xiaomi_mi_2s-5397.php
It has not yet been released I think, but the MI-2 is and is also pretty good with a 1.5GhZ Quad Core. The 2S is said to have benchmarks better than the GS4. The phone looks very promising. It is from a Korean company and is dirt cheap for not even 400$ for the 32gb version.
The biggest cons are:
Probably no warranty, since it is a small company and from Korea
No external SD
And some minor cons.
The company is trustworthy as the phones predecessors where good rated as well. I only heard about this company yesterday so I do not know to much about it, but the reviews are good.

Thanks for reading, and I am buying it and I think some of you are too!

[hexics]

You're mistaken if you think its from a Korean company. The name pretty much gives it away as a Chinese startup.

[HenryG]

Guess you guys don't know as much as you think about phones. Xiaomi is by far one of the most reputable chinese phone manufacturers. They consistently release weekly updates to all of their models... so no it's not a start-up.

[YeahBuddyBBY]

Why not just get a Nexus 4?.. its $100 cheaper, get updates earlier than other phones and a company which you can trust.

It is cheaper, but only in the US. In Europe (and I believe other countries) it costs 500 euros or whatever. Besides, this phone is 350 euros, not dollars. A dollar is worth a euro meaning how easily you spend it. You are right about the trusted company thing, but on ibuygou you get a warranty of a year, free. Plus no taxes on shipping.

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Guess you guys don't know as much as you think about phones. Xiaomi is by far one of the most reputable chinese phone manufacturers. They consistently release weekly updates to all of their models... so no it's not a start-up.

This. Thank you HenryG!⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣