Xiaomi's Redmi 2 is a phone for bargain hunters (pictures)

Xiaomi's Redmi 2 is a sub-$120 phone meant for emerging markets.

The 4.7-inch phone packs a Qualcomm Snapdragon 410 quad-core processor clocked at 1.2GHz.

The 4.7-inch screen uses IPS technology and is bright and vibrant. It sports a 1,280x720-pixel resolution.

On the rear you'll find an 8-megapixel camera.

The power and volume buttons are located at the right side.

At the bottom you'll find the micro-USB port.

The Redmi 2 is slightly smaller than the Redmi 1S, but the size of the screen is the same.

Here's another look at the Redmi 2 and the Redmi 1S.

From the rear, the phones look similar.

The rear cover is removable, and grants access to the dual 4G SIM slots, microSD and 2,200mAh battery.

The Xiaomi weighs 133g (4.69 ounces) and can be used easily with one hand.

The phone runs Xiaomi's MIUI custom skin on top of Android Lollipop 5.0.