Samsung is a top-tier company that has a lot more resources to make a great smartphone, but in return they charge it way more than it really cost. On the other hand, there are various companies that make great smartphones that are quite more affordable.
One of those companies is UMi, who has just announced that it wants to compete with Samsung's flagship Galaxy Note 7 phablet. In an official statement, UMi has hint that their upcoming UMi Max will be very similar to the Galaxy Note 7, but at the same time it will be more affordable. Not only it will be comparable with the Galaxy Note 7, but in some segments it will be even better.