One of the most awaited upcoming Android phones for 2014 will be announced tomorrow, and we can't help but be amazed at what rumors have been claiming. 

In case you are wondering, we're talking about Xiaomi's upcoming flagship - the Mi4. 

Xiaomi may not be a popular name in Western markets, but in Asia the Chinese brand has been breaking all sorts of sales records as far as smartphones are concerned. 

The secret lies in the manufacturer's knack for high quality smartphones which come at incredibly affordable prices. For instance, the Mi4's predecessor, the Mi3, packs a 5-inch display with Full HD (1920 x 1080) resolution, Snapdragon 800 chipset, 2GB RAM, 13MP primary camera and 16GB built in memory - all for the price of under $400. 

This could be the first time you've heard (or read) about it, but the Xiaomi Mi3 has already sold millions in the markets where it is available. The Android device will launch for the first time in India, and even before it goes live, more than 100,000 registrations have already been made. 

So what do we expect from Xiaomi's upcoming Android phone for 2014, which is considered to be the best phone that will hit the market this year. 

According to specs rumors, the Xiaomi Mi4 will boast a 5-inch display with the same 1080p resolution (though some rumors are claiming a QHD (2560 x 1440) resolution screen). The phone will pack the updated Qualcomm Snapdragon 801 chipset, a quad-core CPU, and 3GB of RAM. 

Other alleged specs include a 16GB internal memory, 4G LTE support, a 3,000mAh battery or more, and Android 4.4.2 Kit Kat out of the box. 

However, what most people would surely check out about the Xiaomi Mi4 is the expected low price tag. 

The Chinese manufacturer will officially announce the Xiaomi Mi4 today, so we don't have to wait much longer.