Xiaomi's first drone lets you shoot in 4K for not that much money

We knew that Xiaomi was getting into drones, but now the tease has turned into a full-blown announcement as the Chinese phone maker unveiled the Mi Drone – a fully featured unmanned aircraft for an entry-level cost.

The Mi Drone comes in both a 1080p resolution model marked at ¥2499 (about $380, £259) and a 4K version for ¥2999 (about $456, £310).

The price tag for Xiaomi’s machine is considerably lower than that of other professional-quality drones, such as the DJI Phantom series, which can start anywhere between $700-$1,500.

The Mi Drone s built in camera

Though it’s cheaper, the Mi Drone doesn’t skimp on features, as the official forum thread touts a 3-axis gimbal for image stabilization, GPS position tracking, and smart battery detection that makes sure to conserve enough juice to return to its pilot.