Just announced - the all new Xiaomi Yi Action Camera. Cheaper than the mighty GoPro Action Camera, the Yi not only cuts the cost, but actually excels in much of its feature set. It sports a Sony Exmor R CMOS Imaging Sensor with a A7LS SoC Ambarella Processor. Amberella is a leading developer of low-power, HD and Ultra HD video compression and processing solutions. Whether the Xiaomi Yi Action camera has cherrypicked the best features and components to create the best action sports camera yet, or whether it's just another knock off remains to be seen. According to the specs it could be a contender for GoPro in due time.

 Xiaomi Yi Action Camera Features

f/2.8 Lens 16 Megapixel Sony Exmor R CMOS Sensor A7LS SoC Ambarella Processor H.264 Codec 1080p / 60FPS Video 155˚ & 89˚ FOV 64 GB Class 10 Micro SD Support Max Aperture: 2.8 Bluetooth Connectivity 0.16 lbs / 72 Grams

Xiaomi Yi Action Camera Price: $64.99 US Availability: Unknown

It seems to be the internet consensus that the USD conversion of the Yi Camera is $64 though I have not been able to determine this in my own research

For further reading you can browse the original site here.