Xiaomi CEO Lei Jun promised that the Mi 5 is "worth the wait" at an event held last month, where the company unveiled the Redmi 3 and Mi Pad 2. While no details have officially been revealed for the smartphone, it is believed that the Mi 5 will have a 5.3-inch quad HD display with 2,560 x 1,440 pixel resolution and powered by the Qualcomm Snapdragon 820 with a quad-core CPU, Adreno 530 GPU and 4GB of RAM.