The Beijing headquartered Xiaomi Inc is now the 5th largest smartphone maker. Designing, developing mobile phones and now smart home devices as well, this Chinese company has created ripples in the mobile market every time it launched a new phone since 2011. In 2015, the fans expected Mi5 to unveil but Xiaomi missed the date and now the company has launched in April 2016. The rumors and speculations that surround smartphone are sufficient to give the market a general perspective about the product. The leaks by Chinese social networking site Weibo and website GizmoChina has tipped about the specifications and…