Xiaomi Mi 5 packs a flagship punch at a competitive price

Mobile World Congress continues in Barcelona this week, and that means new phones aplenty. Today, it's Xiaomi's turn to reveal its latest flagship device, the Mi 5, and no, the phone isn't designed for the British Security Service. Xiaomi has packed a lot of features into this phone, but it's priced it aggressively for a flagship.

The Mi 5 is the latest handset to adopt the Qualcomm Snapdragon 820 SoC. Xiaomi is pairing that SoC with up to 4GB of low-power DDR4 memory and up to 128GB of internal UFS solid-state storage. UFS could offer better performance than the more common eMMC standard. Strangely, the 32GB Mi 5 gets a lower clock speed than its more endowed counterparts: 1.8GHz versus 2.15GHz.

To power all of those internals, the phone has a 3,000mAh battery compatible with Quick Charge 3.0 technology.

On the outside, the Mi 5 sports a 5.15" 1920x1080 IPS LCD display housed in what Xiaomi is calling a "3D body." The company will offer the entry-level 32GB or 64GB Mi 5s with glass backs, while the 128GB Pro model comes with a ceramic cover. Up front, there's a fingerprint sensor built in to the home button, as well as a 4MP selfie shooter. On the back there's a 16MP sensor from Sony with 4-axis optical image stabilization that's capable of taking 4K videos.

The Mi 5 will run Android 6.0 Marshmallow. Like Xiaomi's Mi 4, it looks like the Mi 5 will only be made available to select Asian markets starting with China on March 1st. The 128GB Pro version will sell for 2999 RMB ($459), while the 32GB version will go for 1999 RMB ($306) and the 64GB version will ring in at 2299 RMB ($352).

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