Teasing the launch event, an administrator on the firm's MIUI forum said, "Xiaomi new product launch event is coming on Aug 13, 2015! And it's confirmed, MIUI 7 will be released!" The launch event will take place at the China National Convention Centre.
While the company invite for the event doesn't direct to launch of a new smartphone; though the "product launch" bit definitely points to a possibility of the Mi 4 successor launch. Considering that the Xiaomi Mi 4 was launched last year in July alongside MIUI 6 version, we can expect the company to reveal the new flagship alongside its latest ROM.
There have been several instances when the Xiaomi Mi 5 has been leaked with full specifications and even had its price tipped. According to preliminary leaks, the Mi 5 would be priced at CNY 2,399(approximately Rs. 24,500).
Some of innards rumoured for Xiaomi's next flagship include a 5.2-inch QHD (1440x2560 pixels) LCD display with Corning Gorilla Glass 4 for protection; Snapdragon 810 processor; 16-megapixel rear camera; 13-megapixel sensor on the front, and 3000mAh battery. The Xiaomi Mi 5 was earlier said to run Android 5.1 Lollipop and was even rumoured to release in November in the market. A leak even hinted that Xiaomi's next Mi 5 flagship will come with a built-in fingerprint scanner.