Xiaomi has two events scheduled in April. One was today which was probably for Xiaomi H3Y which can be the new Redmi Phone. The second is scheduled on April 23 for the Mi 4i, probably the Ferrari. The specs that were revealed by @upleaks are the 1080p screen and a MediaTek MT6795 chipset. The new Redmi Phone will run Android 5.0 Lollipop with MIUI6 on top. Camera-wise, it will come with 13MP rear camera courtesy of Samsung (S5K3M2) and a 5MP selfie camera from OmniVision (OV5670).The specs are quite similar to those of mentioned earlier for XiaomiRedmi Note 2, except upgraded screen and chipset. The price is expected to be CNY 1500 which roughly makes $245.

Xiaomi H3Y is the alleged Redmi Note 2