But the company should be ready to face some tough competition from Huawei's upcoming Honor 5X.  Huawei has sent out invites for the January 28 event where it will unveil its new Honor 5X model, which is priced at USD199 and will come in direct competition with the latest Lenovo smartphone.

We have bring you the most precise and succinct comparison of  both these products:

Display

Huawei Honor 5X: 5.5-inch IPS screen with Full HD (1080x1920p) resolution
Lenovo K4 Note: 5.5-inch IPS screen with Full HD (1080x1920p) resolution

Operating system

Huawei Honor 5X: Android 5.1.1 Lollipop-based Emotion UI 3.1
Lenovo K4 Note: Android 5.1 Lollipop-based Vibe UI

Processor

Huawei Honor 5X: Octa-core Snapdragon 615 processor (four 1.5GHz cores + four 1.2GHz cores)
Lenovo K4 Note: 1.3GHz octa-core Mediatek MT6753 processor

RAM

Huawei Honor 5X: 3GB
Lenovo K4 Note: 2GB/3GB options

Storage

Huawei Honor 5X: 16GB internal storage, up to 128GB microSD card support
Lenovo K4 Note: 16GB internal storage, up to 128GB microSD card support

Rear camera

Huawei Honor 5X: 13MP, f/2.0 camera with two-tone, dual-LED flash
Lenovo K4 Note: 13MP, f/2.2 camera with phase-detection autofocus and two-tone, dual-LED flash

Front camera

Huawei Honor 5X: 5MP
Lenovo K4 Note: 5MP

Connectivity

Huawei Honor 5X: 2G, 3G, 4G, Wi-Fi, Bluetooth 4.1, microUSB 2.0
Lenovo K4 Note: 2G, 3G, 4G, Wi-Fi, Bluetooth 4.1, NFC, microUSB 2.0

Battery

Huawei Honor 5X: 3,000mAh
Lenovo K4 Note: 3,300mAh