Xiaomi s much-rumored Mi 5 is yet to leave the rumor mills, and there doesn t seem to be a clear time frame as to when the company plans on launching the flagship smartphone. After all, it has been nearly a year-and-a-half since the company launched the Mi 4. That said, Xiaomi is bullish about the forthcoming smartphone, and CEO Lei Jun was quoted as saying that the Mi 5 is going to be worth the wait . Also Read - Xiaomi Mi Mix 4 could launch as a high-end phone with tons of exiting featuresAlso Read - Xiaomi confirms Mi 11 Lite colour variants in India: Here are the options available
On the sidelines of the Xiaomi Redmi Note 3, Mi Pad 2 launch in China earlier this week, Jun told the assembled media that the Mi 5 is a very very good phone , and it is worth the wait , GforGames reports. The issue is not only with the long gap since the launch of the Mi 4, but also the fact that there isn t a flagship smartphone in the company s current portfolio. Jun, however, did not give any indication when the Mi 5 would be launched. Also Read - Best wearable gift ideas under Rs 5,000 for Father's Day 2021
Immense competition from rival Chinese brands that have been quick to copy Xiaomi’s playbook and the absence of a flagship smartphone has led analysts to fear whether we have already witnessed Xiaomi’s peak, Bloomberg reports. Xiaomi not only lost its top spot in China to its competitor Huawei, but at the current rate is unlikely to achieved Jun s ambitious target of selling 80 to 100 million smartphones this year.
In the first half of this year, Xiaomi only managed to sell about 34.7 million smartphones, which is far from Jun s target. According to a recent Canalys report, Xiaomi s shipments in China saw an eight percent year-on-year drop last quarter, its first ever. Jun also says that they are working speeding up the development cycle, or in other words, shorten the gap between two product launches.
The Xiaomi Mi 5 launch has been rumored to happen since the beginning of the year, but that hasn’t been the case. In all likelihood, the launch would now happen sometime next year, though rumors are still rife Xiaomi could launch it on December 3, though that is unlikely as it just hosted its “Grand Finale” launch event earlier this week.
Another pointer to the possible launch time frame could be the fact that the Mi 5 is likely to be running on Qualcomm’s upcoming Snapdragon 820 chipset, which would be available on commercial devices in early 2016. The Mi 4 was launched in China in July 2014 and Xiaomi claims to have a longer 18-24 month product life cycle, so in many ways calling the Mi 5 launch delayed won’t exactly be right. But with the lack of 4G connectivity, fingerprint sensor and a dated processor, hasn’t really been a flagship smartphone for 2015 no matter how you look at it. And the lack of a flagship smartphone has probably hurt Xiaomi.