Chinese Firm Undercuts Rivals With Cheap Drone For The Masses

China-based consumer electronics firm Xiaomi, known for its Apple (AAPL) copycat smartphones, has come out with a low-cost flying camera drone that could shake up the nascent market.

On Wednesday, Xiaomi, roughly pronounced “show me,” introduced its first drone, the Mi Drone, which costs about $380 for the entry-level model with a 1080p camera. A higher-end model with a 4K camera costs about $450.

The Xiaomi drones will be sold in China, at least initially, TechCrunch reported.

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