With the rumor mill going crazy and the leaks coming at a pretty decent pace, the hype for the upcoming Xiaomi Mi5 and its big brother the Mi5 Plus, is just as big as it has ever been for one of Xiaomi's flagship handsets. Anybody watching Xiaomi's rise to prominence, looking for a good budget flagship or just interested in the Chinese phone scene should already be well aware of the fairly exciting rumored specs for the pair.

Xiaomi Mi5

Xiaomi Mi 5 flagship handset will be powered by the Snapdragon 820 chipset, and carry a 5..2.-inch display with a 1080 x 1920 resolution. There will be two variants of the device. One, with 3GB of RAM and 32GB of native storage, is expected to be priced at the equivalent of $378 USD. The other model will feature 4GB of RAM and 64GB of internal memory. A 16MP camera will grace the rear of the unit. Xiaomi co-founder Liwan Jiang said last week that the Xiaomi Mi 5 is in the process of being manufactured.

Xiaomi's usual squarish, industrial design is on prominent display, but this time around we're getting a distinctive metal rim and a long physical home button to go along with the minimalist box of a handset. The volume rocker is on the side and a front facing camera flanks the phone's earpiece. It also seems a tad more square than previous renders, certainly more Samsung Galaxy Note 5 than Apple iPhone 6S Plus. The "inspired" design touches compliment Xiaomi's usual design conventions quite well, leading to a premium, industrialist design that seems to be a fitting sequel to the Mi4 and Xiaomi Mi Note Pro line.