Do xiaomi mi 3 is better than iphone 5?

Do xiaomi mi 3 is better than iphone 5?

Xiaomi Mi3 prototype
spotted with 3GB
RAM and a huge 5.5-
inch 1080p screen
The Xiaomi Mi-2S, the last
flagship by the Chinese phone
maker, made it into headlines a
few months ago by beating
the Samsung Galaxy S4 in
terms of performance, and its
successor has just leaked out,
promising to deliver even more
oomph.
Images of a prototype Xiaomi
Mi3, the new flagship, have
appeared on Chinese microblog
Weibo showing a huge change
in the way. Up from a 4.3-inch
display on its predecessor, the
new Xiaomi Mi3 is getting a
huge 5.5 inch display with a
resolution of 1080 x 1920
pixels.
What's more, instead of the
quad-core Qualcomm
Snapdragon 600 chip, the new
Mi3 will get an even faster
processor, and our bet is on
the Snapdragon 800. Along
with it, comes a whopping 3GB
of RAM. Other features of the
device include a 13-megapixel
rear camera, a 5-megapixel front
shooter and a long-lasting
3500mAh battery. Xiaomi
phones run on the MIUI custom
ROM for Android.
Xiaomi is not a name you get to
hear a lot about in the States,
but it is huge in China, its home
country. The Xiaomi Mi3 is the
company's upcoming flagship,
it's coming in August. Sadly, you
can only get it in China.

Of course it WILL WILL be ( that does make sense!)

Reason
1) The Samsung Galaxy S II (2) was released in MAY 2011 & has 1.2Ghz Dual Core processor with an 8Mp camera.

18 months later November 2012 Apple puts a 1.2Ghz Dual Core processor & 8Mp camera in a phone and call it the iPhone5

Reason
2) Unless the Xiaomi MI-3 is downgraded (or broken) as even the Xiaomi MI-2 is superior to the iPhone5 the Xiaomi MI-3 will be. Http://www.gsmarena.com/compare.php3?idPhone1=4928&idPhone2=4910