It's here, folks. The next generation of smartphone specs is arriving in the form of faster processors and larger displays. Popular Chinese brand Xiaomi is rumored to be releasing a smartphone with some crazy hardware. We're talking a quad-core Tegra 4 chip, 2.5GB of RAM, and a 1080p display. We should be seeing devices like this in the next few months anyway, but for now, let's admire what have here.