An image of the Xiaomi Mi Note 2 has emerged online, along with the specs suggesting that the smartphone will have a design similar to the Samsung Galaxy S7 edge.

Xiaomi has already launched its flagship smartphone, the Mi 5, during the Mobile World Congress (MWC) event in February this year. The Chinese company is said to be working on a new flagship phablet, the Mi Note 2, which is expected to be launched soon.

It launched the Mi Note in January 2015, so given the time gap a successor is long overdue. However, an image of the Mi Note 2 has been posted by @KJuma on Weibo, which gives a clue that it may be released soon and offering a glimpse of what the handset may look like.

If the leaked image is to be believed, then the Mi Note 2 has some design aspects borrowed from the Galaxy S7 edge, which was launched in February this year. However, the specs of the purported Mi Note 2 are said to be different from the Samsung offering.

The latest leaked image of the Mi Note 2 suggests that the mobile phone will have a 5.5-inch display. A Qualcomm Snapdragon 821 processor and 6 GB of RAM may power the device. Customers should expect 128 GB of internal storage, probably with the option to expand the memory with a microSD card.

Previous rumors hinted that the Mi Note 2 may come with a 5.7-inch screen. Others also suggested that Xiaomi may launch the Mi Note 2 in two models: one with 4 GB of RAM and 64 GB of internal storage and another with 6 GB of RAM and 128 GB onboard storage.

Given that the original Mi Note was available in two variants, it is likely that the Mi Note 2 will also be available in more than one model.

Xiaomi is facing stiff competition from other Chinese smartphone makers such as Huawei, Vivo and Oppo. The company has a decent presence in China but it also launches its products in other parts of the world to attract handset customers.

The company initially launched the Mi Note only in China but later the mobile phone also made its way to other regions including the U.S. It is likely that Xiaomi will launch the Mi Note 2 in China, U.S. and other regions across the world.

Rumors suggest that the base model of the Mi Note 2 will have a price tag of CNY 2,499, or about $375, while the higher-end variant will cost CNY 2,799, or around $420. Speculations are rife that Xiaomi may launch the Mi Note 2 on Aug. 25.

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