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

Xiaomi appears to be gearing up to launch a few devices in the next few months, and two of them may possibly arrive sooner than later. It has now emerged that it is planning to release the Mi Note 2 a few weeks after the launch of the Redmi Note 4.

The Chinese technology giant hasn't announced the release date of its upcoming devices, but analyst Pan Jiutang has posted in Weibo (via GizmoChina) that the Xiaomi Mi Note 2 will be released in August. This means the device will come after the Redmi Note 4, which is expected to be launched on July 27. 

According to reports, the Xiaomi Mi Note 2 will feature a 5.7-inch Full HD display, a fingerprint sensor, and come in three variants with the top one expected to have a 2K dual curved display and a Force Touch support. It is also expected to have a Qualcomm Snapdragon 821 processor, and a 4,000mAh battery with Quick Charging technology. The 32GB internal memory model is expected to have a 16MP main camera, while the other two variants are expected to house dual 12MP rear cameras.

Interestingly, reports have suggested that the device will be priced between 2,499 Yuan (around $376) and 3,499 Yuan ($526).

Meanwhile, the Redmi Note 4 is expected to sport a a 5.5-inch screen, powered by a Helio X20 deca-core SoC or a Qualcomm Snapdragon 652 processor, and run Android 6.0.1 Marshmallow-based MIUI 8 operating system. It may come packed with a 16GB internal memory, a 4GB RAM, a dual 13MP main camera, and a 4,100mAh battery with fast charging technology.