Xiaomi to launch Mi 8 smartphone on May 31

New Delhi: Xiaomi's next anniversary in the Mi series will be the Mi 8, affirming that the company is going to give the Mi 7 as miss.

Xiaomi is all set to launch the Mi 8 as part of its 8th year anniversary offering. The phone will be launched at an event in Shenzhen on May 31, the company has confirmed.

Xiaomi spokesperson Donovan Sung tweeted:

Mi Fans, amazing news!

To celebrate our 8th year anniversary, we'll be launching Mi 8 at our annual flagship product launch in Shenzhen on May 31.

Stay tuned for more details!#Xiaomi #Mi8 #flagship #launch #shenzhen pic.twitter.com/O7Lh3MJAqw — Donovan Sung (@donovansung) May 22, 2018

Rumour mills seem to be working extra time to bring in expected specs of the upcoming phone. As per reports, Xiaomi Mi 8 may come with a notch design –something all popular brands are doing these days.

The phone will be powered by a Qualcomm Snapdragon 845 SoC coupled with 8GB RAM and a fingerprint sensor.

Other features planned for the Chinese Android manufacturer's flagship include, a 3D facial recognition unlocking feature and a 4,000mAh battery with support for wireless charging, as per a Verge report.

The company said its revenue was 114.62 billion yuan ($18 billion) in 2017, up 67.5 percent against 2016. It also said it made a net loss of 43.89 billion yuan versus a profit of 491.6 million yuan in 2016.

Operating profit for 2017 was 12.22 billion yuan, up from 3.79 billion yuan a year ago.

Alongside smartphones, Xiaomi makes dozens of internet-connected home appliances and gadgets, including scooters, air purifiers and rice cookers, although it derives most of its profits from internet services.