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Xiaomi holding an event on July 16, is Mi 5 coming sooner?

Xiaomi is all set to launch their next smartphone on July 16th next week, as company has sent out invites for this special event. Posted on the Weibo, Chinese micro-blogging website, these invites fails to explain what to expect from the company.
Though, it could company’s new flagship model that people have been waiting for quite a time now, as it is around time that company introduce the next iteration of Mi 4. While the previous rumours have stated that it would be announced sometime in September this year. But it could easily be the flagship we have been waiting for to come.
But looking at all the reports from previous and current leaks, the rumor mill suggests that it possibly can’t be the Mi 5, as the device is supposed to come with Snapdragon 820, which hasn’t hit the market yet, as Qualcomm is yet to start manufacturing the chipset.
There is second possibility that is highly probable that it might be the next generation Phablet from Xiaomi, i.e. Redmi Note 2. The invites states two letters on it, “PK”, which can be depicted as the “Phablet Killer”.
In recent rumors it was stated that Redmi Note 2 will pack 5.5-inch Full HD display, therefore, it might be the Xiaomi Redmi Note 2 that we may see the announcement of on July 16th. Moreover, the Xiaomi Redmi Note 2 has passed through the TENAA certification, which is a Chinese agency for telecom equipment certifications in the country.
There are no further details mention or reveal about the launch, we all have to wait and see what is their in store for the Xiaomi fans in the coming week.
Via: GizChina