The highly anticipated Xiaomi Mi5 has been long-rumored to be the first handset to be powered by Qualcomm's Snapdragon 820 chipset as well as the first Xiaomi offering to sport fingerprint recognition technology. Whatever its specs turns out to be, all doubts regarding the Mi5 may soon be put to rest this Wednesday, Nov.11.

A recently leaked Xiaomi teaser, first sourced by Times News, showed what seemed to be a smartphone draped behind a red curtain with a question mark on it. The ad had a heading that called the event the "Mi Dual 11," most probably as a reference to Nov. 11, 2015, the date where the event will be held.

There's also a quote that reads, "This time we play the big! (sic) New phone finale debut at 0:00 on November 11 onwards." Now, if the word "finale" was actually supposed to be "finally," then it would make sense to speculate that Xiaomi is referring to its long-awaited flagship as the device that will "finally" be introduced on Nov. 11.

As for the specs of the Mi5, Xiaomi was reportedly torn between the Snapdragon 820 chipset and Mediatek's 10-core Helio X20. The former has support for Qualcomm's Ultrasound technology while the latter was by far the faster processor.

A prototype of the Mi5 fitted the Helio X20 garnered 73,075 points on the AnTuTu benchmark. The score easily outperformed the Exynos 7420-powered Galaxy S6 and S6 Edge. Both top-tier Samsung devices scored just around the 70,000 mark, per GSM Arena.

According to Phone Radar, the Mi5 will be released with the Helio X20 under the hood since mass production of the Snapdragon 820 couldn't meet the late 2015 timeframe. This could explain why Xiaomi is reportedly sporting the Mi5 with their own fingerprint recognition technology.

Rumor has it that the Snapdragon 820 version of the Mi5 will launch sometime in early 2016 after Qualcomm completes mass production of its latest SoC.

Several announcement dates for the Mi5 have been reported in the past, but, so far, none of them have turned out accurate. Fortunately, this latest date is just a one-day wait, so anxious fans shouldn't feel too depressed when its another false alarm.

For the meantime, Xiaomi Today listed the other specs of the Mi5 to include:

  •  5.3-inch Quad HD (1440x2560) display with 554ppi pixel density
  •  4GB of RAM
  •  16GB or 64GB storage space models with no support for external memory expansion
  •  16-megapixel back camera with dual-LED flash and eight-megapixel front-facing unit
  •  3,030 mAh battery
  •  USB Type-C port

Xiaomi's upcoming flagship smartphone is said to retail in China for ¥1,999 or approximately $316. It will boot the company's new Android-based OS called the MIUI 7.