Xiaomi Mi 5 Flagship Smartphone 'Worth the Wait', Says CEO

At Xiaomi's launch event on Tuesday, we saw the launch of the Redmi Note 3 and Mi Pad 2, but not a word was revealed about the long-anticipated Mi 5 flagship smartphone. However, upon questioning, Xiaomi CEO Lei Jun revealed that the handset "is worth the wait" and is "very, very good".

Jun however, did not reveal when the company plans to launch the Mi 5 but he did reveal that Xiaomi is revamping its development cycle, as per a report by Sina Tech, a Chinese website (via Phonearena). This would result in a decrease of the time gap between the launch of two smartphones.

As per the latest leaks and rumours, the Xiaomi Mi 5 is rumoured to sport an octa-core Qualcomm Snapdragon 810 v2.1 SoC, a processor family already seen on the Mi Note Pro. It is also rumoured to use the Snapdragon 820 SoC. However, a separate report had recently claimed that due to a delay in Qualcomm's Snapdragon 820 chipsets, Xiaomi may opt for MediaTek deca-core Helio X20 processor. Some of the purported innards of the Mi 5 include 4GB of RAM; Adreno 530 GPU; a 5.3-inch QHD (1440x2560) pixels resolution display with pixel density of 554ppi; 16GB or 64GB inbuilt storage variants with no option for expandable storage; a 16-megapixel rear camera with dual-LED flash, and a 3030mAh battery.

As per a report from earlier this month, the upcoming Xiaomi Mi 5 will launch at a December 3 event. Considering that the Xiaomi Mi 4 was unveiled back in July last year; the company certainly seems to have slowed slow with the production of its next-generation flagship smartphone.