Xiaomi beat LG to the punch by announcing the first quad-core Krait-powered phone (though the Optimus G should have the distinction of shipping first). The Xiaomi Mi-Two will go into production on September 22, revealed the company's co-founder.
Also, the Mi-Two will be coming in a 32GB version along with the originally announced 16GB version. The rest of the specs include a Qualcomm APQ8064 chipset, 2GB of RAM, 4.3" IPS LCD with 720p resolution (342ppi) and a 2000mAh standard battery (and optional 3000mAh).
The Xiaomi Mi-Two will start shipping in mid to late October at RMB 1,999 ($315, €225) for the 16GB version. It's still unclear how much the 32GB model will cost, though.
Considering the Mi-1S, a slight update of the original Xiaomi phone sold 200,000 units in 30 minutes, we're wondering if Xiaomi shouldn't have started production of the Mi-Two already.
Source (in Chinese)