Xiaomi unveiled the Redmi Note 3 and the Mi Pad 2 at a special event in China. The absence of the Xiaomi Mi 5 among the company's newly-unveiled products did not go unnoticed by the Chinese media. When questioned regarding the company's next flagship smartphone, Xiaomi CEO Lei Jun said that the Mi 5 "is worth the waiting", and that the phone is "very very good".
Unfortunately, Jun did not provide any other details about the upcoming Xiaomi flagship, although he did note that Xiaomi is speeding up its development cycle, meaning that we should expect less time between the company's product launches.
CEO also stated that its primary focus remains China, followed by other markets including India, Indonesia, and Brazil. As far as the company’s presence in Japan and the US goes, Lei Jun added that “it will take some time” before Xiaomi will attempt to establish a firm foothold in these regions.