Xiaomi Mi 5, the new flagship from the Chinese start-up, will definitely launch on February 24, ending nearly a year-long speculation over this smartphone.
As per the reports, Xiaomi Mi 5 will feature a 2K display, Snapdragon 820 SoC with a 16 megapixel rear camera and a 13 mp one on the front. It could come in 3GB and 4GB versions with 16 and 64GB storage space respectively.
Xiaomi’s co-founder and vice-president Liwan Jiang, shared the announcement on his Weibo account and the post says that confirms that Mi 5 is definitely launching at this event. The Chinese start-up is planning a big event and will have tickets, etc for fans at the event, going by the Liwan’s post.
The smartphone could be priced at more than Rs 20,000 at launch. Mi 5 will run MIUI 7 based on Android 6 Marshmallow.
Xiaomi had estimated total annual sales of 80-100 million, but then in July reported semi-annual sales that for the first time were lower than the previous six months, with analysts saying its main domestic market was rapidly becoming saturated.
For Xiaomi the Mi 5 launch comes at a time when it is facing increasing scrutiny from investors, especially after the world’s most valued start-up missed its own sale target. The company shipped around 70 million smartphones in 2015, well below its own 80 million forecast.