People stand near a logo of Xiaomi ahead of the launching ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014.REUTERS/Jason Lee

It has been reported that Xiaomi Mi Note 2 aka Mi Note Pro would be announced along with Mi 5s at the company's scheduled event next week. However, emerging reports indicate that it won't happen. The much-awaited device is now likely to be released in October.

It is now confirmed that the Chinese technology giant will unveil only Mi 5s on September 27, which means Xiaomi Mi Note 2 could be pushed to next month. The fact that Mi Note 2 hasn't received certification from the Chinese telecom equipment certification authority, TENAA, is a clear indication that Xiaomi is not yet ready for its launch.

Mi Note 2 has been cleared by the Chinese CCC authority (China Compulsory Certification), but not TENAA.

Xiaomi is reportedly releasing two variants of Mi Note 2 - one with a 64GB internal memory and a 4GB RAM priced at 2,499 Yuan, and the other with a 128GB internal storage and a 6GB RAM priced at 2,799 Yuan.

According to reports that have surfaced so far, Xiaomi Mi Note 2 will sport a 5.7-inch 2K dual curved display, powered by a Qualcomm Snapdragon 821 processor clocking at 2.6GHz and run Android 6.0.1 Marshmallow operating system.

The device is also expected to feature a 64/128GB internal memory, a 4/6GB RAM, a 12MP dual camera or a 16MP main camera with 4 axis OIS and dual LED flash and a 4,000mAh battery.

It is also reported that the device will come packed with a 256GB internal storage and an 8GB RAM, and run Android 7.0 Nougat based MIUI 8 operating system, but nothing is confirmed at the moment.