Xiaomi Diwali Sale 2015: Company reveals festive offers [Everything you need to know]
Xiaomi Diwali Sale 2015: Company reveals festive offers [Everything you need to know]Xiaomi India via Twitter

The wait for Xiaomi Mi 5 is taking longer than expected, and some may have even started wonering if it will see the light of day at all, after failing to arrive on speculated dates. Now, it's at least been confirmed that the much-awaited device does exist.

It was reported that the Xiaomi Mi 5 would be unveiled in July before releasing in August. Then there were rumours that it would be launched in September, but it never happened. There were also reports that Mi 4's successor would be unveiled along with the Redmi Note 3 and Mi Pad 2 on 24 November, but it didn't happen either.

However, Xiaomi's CEO Lei Jun has now confirmed the existence of the Xiaomi Mi 5. He didn't reveal the release date of the upcoming flagship smartphone, but said it is "worth waiting for", according Tech Sina (via GForGames). 

The Chinese smartphone-makers have chosen to remain mum on its next-generation device, but several reports have claimed it will be unveiled before the end of this year.

According to reports that have surfaced so far, Xiaomi Mi 5 will come with a price tag of around $399 (approximately Rs 26,500) and have features like fingerprint sensor and Type-C USB port. It is expected to sport a 5.2-inch QHD touchscreen with 2560 x 1440 pixel screen resolution and Gorilla Glass 4, powered by Qualcomm Snapdragon 810 or Qualcomm Snapdragon 820 processor and run Android 5.1.1 Lollipop operating system.

It is also reported that the device will come packed with 32/64 GB internal memory and 4 GB RAM, house a 16 MP main camera with optical Image stabilisation (OIS) and 5 MP secondary snapper. It will be powered by a 3,000mAh battery.

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