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 is on a smartphone releasing spree of late. The company released the Redmi Pro, successor of the Redmi Note 3, a few days ago after the release of the 6.44-inch Mi Max. It has also launched a budget smartphone, the Redmi 3s. Now it has emerged that it is all set to come up with a new device called the Redmi 4.

Though the Chinese technology giant is tight-lipped about the Redmi 4, reports have claimed that it will be released this year. However, it appears like the company will not release the handset any time soon, as it has just unveiled the Redmi 3s. Earlier, reports claimed that it will come next year but it won't come as a surprise if it is released later this year.

According to reports that have appeared so far, the Xiaomi Redmi 4 will be powered by a powered by MediaTek Helio X20 processor unlike its predecessors that has Qualcomm Snapdragon chipset, comes packed with a 32GB internal storage and a 2GB RAM, and mounts a dual-camera. It is also expected to come with features like a metal unibody, and a fingerprint sensor.

Meanwhile, Xiaomi has just unveiled the Redmi 3S and Redmi 3S Prime priced at Rs.6,999 and Rs. 8,999 respectively. The devices share all features except storage and RAM, wherein the Redmi 3S has a 16GB internal memory and a 2GB RAM, while the Prime has a 32GB internal memory and a 3GB RAM.

The devices sport a 5-inch HD display with 1,280x720 pixels (294 ppi pixel density), powered by a Qualcomm Snapdragon 430 processor, run Android Marshmallow based MIUI v7.0, and storage expandable up to 128GB via microSD card. The devices also has a 13MP main camera with 5-physical lens, f/2.0 aperture, PDAF (Phase Detection Auto Focus), HDR, 0.1 second phase focusing speed, a 5MP front-snapper with f/2.2 aperture, face-recognition feature and 36-intelligent self-portrait selfie styles, and a 4,100mAh battery.