People stand near a logo of Xiaomi ahead of the launching ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014.REUTERS/Jason Lee

Xiaomi's growth as a smartphone maker has been phenomenal. It turned into one of the major mobile phone manufacturers in just a couple of years, thanks to its feature-rich devices that carry reasonable pricing. The company is once again set to release a budget smartphone, the Redmi 4, and it reportedly resembles the Redmi Note 3.

The Chinese technology giant is tight-lipped on the upcoming smartphone, the Redmi 4, but reports have claimed that it will be unveiled in China on Aug. 25. It is not known if it will be released in India.

Interestingly, purported pictures of the Redmi 4 have been published by Playfuldroid. It has a metal body and fingerprint sensor, and looks more like the Redmi Note 3 than its predecessors, the Redmi 3, 3s and Redmi 3 Pro. 

The Xiaomi Redmi 4 is expected to feature a 5-inch IPS LCD display with 1,920×1,080 screen resolution, a Qualcomm Snapdragon 625 Octa-core processor, a 32GB internal storage, a 3GB RAM, and a 4,100mAh Battery with Quick Charge technology, according to Geekbench site. It is expected to be priced at 699 Yuan.

The Xiaomi Redmi 3 sports a 5-inch IPS LCD capacitive touchscreen with 720x1,280 pixels (294 ppi pixel density) and comes with a price tag of 699 Yuan (around $106 / Rs. 7,200). It has a Qualcomm Snapdragon 616 processor, an Android 5.1 Lollipop based MIUI 7.0, a 16GB internal memory expandable up to 256GB via microSD card, and a 2GB RAM. It also mounts a 13MP main camera with f/2.0, phase detection autofocus and LED flash, a 5MP front-snapper with f/2.2 aperture, and a 4,100mAh battery.