Xiaomi is all set to launch its next-gen flagship phone, the Mi5, at an event on October 19 in China. The company announced the event on Weibo. The event may also see the launch of the rumoured Mi Band 2.

From what we know so far, the Mi5 will have a Helio X20 chipset and will not come with the Snapdragon 820 as production of the chipset has been delayed. Other features expected in the Mi5 include 5.2-inch Quad HD (1440×2560) AMOLED display, 4GB RAM and 16/64GB of Internal storage.

The Mi5 is also rumoured to sport a 16MP rear camera with dual LED flash, 8MP front camera and a battery of 3,030mAh capacity. A fingerprint sensor can also be expected as many new [...]