Xiaomi Mi4 Miui Interface- Slide 2
Xiaomi Mi4 Miui Interface- app & shortcur viewAnirban Roy

The release date of Xiaomi's much-anticipated flagship device Mi 5 has been confirmed after months of speculations. The successor to Mi4 will be launched on 24 February.

It was almost certain that Xiaomi Mi4 successor will be unveiled in February after the company's co-founder and senior vice president Liwan Jiang revealed that the device would arrive after the Chinese Spring Festival, which falls on 8 February. However, the exact date had not been announced until now. 

Liwan Jiang has now laid all rumours to rest by confirming on Weibo that Xiaomi Mi 5 will be announced at the company's Spring Conference on 24 February and that more details about the event will be announced on Tuesday, 26 January, according to MIUI India forum (via MIUI Global).

"February, 2016 millet new spring conference, that is, we look forward to the # 5 # millet, particularly ticket sales and the rules, the next Tuesday!" reads Liwan Jiang's post on Weibo

It was earlier rumoured that the flagship device from Xiaomi will be unveiled on 20 February and released on the same day.

According to reports, Xiaomi Mi 5 will sport a 5.2-inch QHD touchscreen with 2560 x 1440 pixels screen resolution protected by Gorilla Glass 4 and come with features like LED light notification, fingerprint censor, 4G-LTE network, USB Type-C interface, NFC, Wi-Fi, Bluetooth v4.1 and 3D Touch display sensor.

Under the hood, it is expected to have a Qualcomm Snapdragon 820 processor, Adreno 530, Android 6.0 Marshmallow, 16/64GB internal memory, 4GB RAM, 16 MP main camera with optical Image stabilization (OIS), 8 MP front snapper and 3600 mAh with Quick Charge v3.0 technology.