The Xiaomi Mi VR will retail for just $29 and it will work with a number of the companies smartphones.
The Mi VR has a hardware-level motion sensor that is 16x more sensitive, and when coupled with system level optimizations and a high-performance phone, results in a 16ms ultra-low latency.
Mi VR Highlights
>> Built-in dedicated motion sensor
>> 16ms ultra-low latency
>> 9-axis inertial motion controller
>> Compatible with Mi Note 2/ Mi 5s/ Mi 5s Plus/ Mi 5
>> Price ￥199 (Approx. $29)
You can find out more details about the new Xiaomi Mi VR over at Xiaomi at the link below.