Xiaomi Mi 5 news: Smartphone tipped to arrive on Feb. 20

But in a very surprising move, online retail website already put the Xiaomi Mi 5 on listing along with all its specs. Speculations are rife that both the Xiaomi Mi 5 variants will be announced on January 21. The company made a decision to jump on the bandwagon of introducing two variants of the same phone.

Xiaomi Mi 5 specifications and features: Besides the rumored screen size and resolution, the Mi 5 has been confirmed to sport Qualcomm's Snapdragon 820 SoC paired with Adreno 530 GPU. Picture is not clear pon the RAM and storage of both variants.

In terms of display, the Xiaomi Mi5 is expected to feature a 5.2-inch display that's supporting a resolution of 2560 x 1440 pixels. Rumors also claim that the front camera sensor would instead be an 8MP affair and not a 13MP one.

It's unclear whether or not Xiaomi will also launch 3GB RAM variants of these Mi5 models, but we are likely to find out more in less than two weeks.

Although we kind of expected Xiaomi to release two Mi5 versions with 3GB and 4GB RAM, respectively, new info leaked about the smartphone reveals the Chinese company has something else in mind.

The information is supplied by an industry insider from China and the accuracy of the news is yet to be seen. The phone will run Android 5.1 Lollipop out of the box with MIUI 7 on top, and we hope a Marshmallow update comes out soon.

According to a new report coming from Chinese blog MyDrivers, Xiaomi will launch two different Mi5 versions, and not just based on the amount of memory inside. The native storage of this variant is speculated as 32 GB. An early Oppomart listing back in December 2015 pegged the Xiaomi Mi 5 to cost users $559, but was taken down. Rumours suggest that this variant is called Xiaomi Mi 5 Plus.