China-based LeTV is all set to enter India today by announcing its first two phones – the mid-range Le 1s and the high-end Max. Many fans are hoping that LeTV, which has overtaken Xiaomi in the Chinese market of late, will step into the Xiaomi’s shoes in India as the seller of the affordable quality hardware in the country and give some competition to Lenovo and Yu. As such, the expectation is for the Le 1s to be priced in the Rs 14,000 range. UPDATE: The company said it will price the phone at Rs 10,999 in India, despite it costing Rs 16,000 to manufacture it. The 1s is about 40% more powerful compared to the current king of the mid
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