Rumor: The Xiaomi Mi5 will only cost $320 despite its ridiculous specs

Xiaomi is taking its sweet time with announcing the highly-anticipated Mi5 smartphone, but if the rumors about the device’s price and specs are to be believed, it’ll be worth the wait. Not only is the Xiaomi Mi5 expected to come with 4GB of RAM, numerous reports have claimed that it’ll be one of the first smartphones to use the next-generation Snapdragon 820 chipset, which would make it a significant upgrade over the Mi4. What’s even more impressive is that it’ll reportedly be the same price as its predecessor, which starts at $320, despite these improvements.