Recently, a few photographs of an upcoming Xiaomi device, code named as Xiaomi H3 Y, were leaked online giving rise to speculations that actually these were images of the Chinese smartphone manufacturer's much anticipated Redmi 2 handset.

According to Tech Radar, the Redmi series of affordable smartphones from Xiaomi has not only been a super success, but a game changer in several ways. When Xiaomi released its maiden smartphone called the Hongmi, it was the first to usher quad-core processing equipped with a Media Tek processor available for less than $150. However, things have changed much over the years and currently you get more powerful phones at lower prices.

Xiaomi was able to offer high performing smartphones at very low costs mainly because of MediaTek's ability to manufacture SoC at ultra-low. However, the past few months were shaky for Xiaomi and MediaTek and the former had even marketing its smartphones for some time. At this juncture, it appeared that Xiaomi would eventually be shifting to Qualcomm-based SoCs was imminent.

Nevertheless, it appears that Media Tek's recent 64-bit MT67xx series of processors have changed perceptions of several OEMs, and now it seems that Xiaomi may once again return the Taiwan-based manufacturer for its Redmi Note successor. The report says that if a recent leak is believed, the Redmi Note 2 is likely to feature the same processor as the M9+, the Media Tek MT6795, a slower clocked version.

Apparently, the device has been internally code named 'H3Y' by Xiaomi. In addition to the MT6795 SoC, the device may also sport a 5.5-inch 1920 x 1080p display (compared to the 720p screen of the current-gen Redmi Note), a 13 megapixel rear camera made by Samsung and either an 8 megapixel or a 5 megapixel OmniVision front camera. Moreover, the purported Redmi 2 may also feature something quite interesting - something that has been seen only on one series of phones so far - the reversible and super-fast USB Type-C connector.