Xiaomi's high-end smartphone Mi 5 was expected to follow in the footsteps of its predecessors the Mi 4 and the Mi 4i as far as it pricing was concerned. But now, it seems that the smartphone will have a higher price tag in line with its technical specifications.

PhoneArena has quoted a Xiaomi Today report, stating that the Xiaomi Mi 5 could be priced at CN¥ 2,300 (£242, $371), which is much higher than its current flagship the Mi 4i's price tag of £133 ($203).

Moreover, Xiaomi is known to give a comparatively lower price tag to its devices to complement their technical specifications. The Mi 4i was up for international orders recently, via a third-party e-tailer priced at £131 ($240).

Since the Xiaomi Mi 5 will have a premium price tag, users can expect the device to be feature-rich.

However, even as technical specifications of the device are yet to surface officially, reports suggest that the smartphone could include the following hardware features:

  • 5.7in IPS LCD capacitive display protected by Gorilla Glass 3
  • Android Lollipop operating platform straight out of the box
  • 1.5GHz quad-core Cortex A53 and 2GHz quad-core Cortex A-57 CPUs
  • 13MP rear camera
  • 4MP front facing camera
  • 4GB RAM
  • 64GB fixed internal storage
  • 4G LTE, HSPA, Bluetooth 4.0, Wi-Fi 2.0 and microUSB connectivity
  • Fixed 3000 mAh Li-Ion battery.