(Update: available one week after launch) Xiaomi Mi 5 arriving in February with Snapdragon 820

Update, January 18: GizmoChina is reporting that Li Wanqiang has now confirmed the Xiamo Mi 5 will be available one week after its launch date. Based on the recently leaked Xiaomi Mi 5 launch, this means the Xiaomi Mi 5 release date will be around February 27.

Original post: The rumors have pointed toward an early 2016 launch for the Xiaomi Mi 5 for a while, but this has now been confirmed by one of Xiaomi’s co-founders, Li Wanqiang, on Chinese microblogging site Weibo. The Xiaomi Mi 5 is currently in mass production for a launch following Chinese New Year on February 8.

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Other rumors about the Mi 5 include full metal construction, fingerprint scanner, QHD display, a 16 MP primary camera and massive 8 MP front-facing camera along with a huge 3,600 mAh battery featuring Qualcomm’s Quick Charge 3.0 standard.

Interestingly, the Mi 5 is rumored to have a 5.2-inch display, cramming in a huge 565 ppi. Previously leaked price details have the device at the equivalent of $310 and $390 US dollars, but these prices are not yet confirmed.

Do you think the Mi 5 will become the next “fastest phone in the world”? Would you buy the Mi 5 if if came to the States?