Xiaomi Mi 5 is confirmed to come with the powerful Snapdragon 820 chipset on board, which means that the phone is targeted at the high-end market. The company executive had earlier said that it wants to make its mark in the high-end market, i.e. in the 3000 Yuan segment ($455) this year. So, we are expecting the Xiaomi Mi 5 with top of the line specifications and a price tag around $400.

Latest information reveals that the Mi 5 will come in two editions, namely a standard variant and a premium variant. The standard edition will reportedly be priced around 2499 Yuan ($379) and will feature Snapdragon 820, 3GB RAM + 16GB storage, 16MP rear camera with OIS, and a 5.2-inch 1080p display. On the other hand, the premium edition will feature the same specs but increases memory combination to 4GB + 64GB storage. The premium version will be priced at 2999 Yuan ($455).

While this may be a bit costly as compared to Xiaomi’s previous smartphones, it will turn out to be relatively well priced. The only Snapdragon 820 powered smartphone announced this year, namely Le Max Pro is rumored to cost around $535. That’s almost $100 higher than the high-end Xiaomi Mi 5 variant.

Of course, at this moment, we can’t really confirm these prices. But expect the final figures to be somewhere near this. As for the release date, it should be after February 20, possible on Feb 23.

Xiaomi is yet to release invites for the event, so we will have to wait for a few days at least to get this information confirmed.

Meanwhile, the company could announce something in addition to the Mi 5 at the event, since its going to be around 2 hours long. Read more about that from here.

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