Xiaomi is gearing up for its Oct. 25 event, where it's set to unveil the new Xiaomi Mi Note 2, its new flagship after releasing the Mi 5S and the Mi 5S Plus this year.

The smartphone was falsely expected to arrive last month, and it looks like the company officially teased the launch event via Twitter, happening in Beijing on Tuesday. The accompanying image is headlined with "Curved to impress," confirming that the company's next smartphone will indeed have a curved display. The event is also going to be livestreamed via Facebook, according to Xiaomi.

GSM Arena previously got hold of the Mi Note 2's purported 3D product renders that feature the device's curved display, akin to Samsung Galaxy S7 edge. The renders might also suggest that the Mi Note 2 will rock dual cameras, clad in a glass-and-metal combo for its body, rocking a beautiful premium design.

Previous rumors say that the Mi Note 2 will have a curved 5.7-inch Quad HD AMOLED screen, but so far, Xiaomi has been pretty tight-lipped about the whole rumor mill. It's expected for Qualcomm Snapdragon 821 to power the device while having 6 GB of RAM.

However, recently leaked PowerPoint slides have surfaced online, confirming much of the rumors to be accurate. The slides feature a lot of interesting facts about the upcoming device, such as its dual cameras that will have a 23-megapixel and 12-megapixel combo and an 8-megapixel front-facing camera. It will have up to 128 GB of internal storage, and a 4,100 mAh battery that supports quick charging. It might also feature an iris scanner for amped security features and will be NFC-enabled.

The 4 GB RAM version could retail for $415, and the 6 GB version could retail for $445, which might be somewhat pricey given Xiaomi's reputation for cheap smartphones, but the specifications are on par with higher-priced smartphones saturating the market.

If the actual point hovers near the speculated retail offering, then Xiaomi can potentially corner some of the market vacated by Samsung with the unfortunate pullout of its Note 7 devices because of the all-too-familiar explosion disaster. It's competing for space against a number of manufacturers ready to swoop in to fish potential customers looking for a reputable replacement device, one of them being Apple.

Xiaomi's been winning the hearts of consumers for years with its smartphone lineup that offers attractively inexpensive smartphones that doesn't sacrifice high-end specs. It's been hailed as a worthy and serious competitor for manufacturers slapping much heftier price tags on devices that virtually have the same specifications as Xiaomi's.

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