The Mi Max is speculated to be a larger smartphone with a display size of more than 6-inches, just short of being a tablet. The phablet is believed to have a 6.4-inch display and Xiaomi has been teasing the device with an ad that says it is big enough to fit your pocket. The Mi Max is also believed to be built around Xiaomi’s own chipset that been in the works for a while now. Alongside the phablet, Xiaomi is also said to be launching the next version of their famous MIUI operating system, V8. The new MIUI V8 is also believed to be built on Android Marshmallow with a host of new features included in it.