Samsung Electronics will release its new smartphone, the Galaxy Note in October, according to a Korean agency MK Business News.
The new phone will come with a slightly larger 5.5 inch display.
"Samsung will unveil the Galaxy Note 2 during the IFA 2012, a consumer electronics show held in Berlin, Germany in late-August," said a source familiar with the matter in the report. "The new model will definitely come with a 5.5 inch display, but it is unclear as to what other features will be included."
The South Korean tech giant has been sweeping the global smartphone market with its recent release Galaxy S3, the third series of its widely-popular Galaxy S line-up. Analysts suggest that the release of the Galaxy Note 2 is timed to compete head-on against Samsung's biggest rival, Apple, which is expected to release its latest flagship model, the iPhone 5, in September or October.
The Galaxy Note 2 will come in a bigger display, the actual size of the phone will be similar to the current Galaxy Note model, which is equipped with a 5.3 inch screen. The phone will use Jelly Bean, a 4.1 version operating system (OS) unveiled by Google a couple of weeks ago.
The new device will sport a 13-megapixel camera on the back, higher than the 8 megapixel camera that is present on Samsung Galaxy Note.
"There are also talks of improving the camera resolution to 12.0 or 13.0 megapixels, up from current 8.0 megapixels, but this may be changed depending on other factors. It will not, however, showcase the unbreakable plane (UBP) display technology, a precursor to the flexible display. UBP will most likely be applied for the next product released after Galaxy Note 2," said the report citing an official familiar with Samsung's product development.
Recent rumors also claimed that Galaxy Note 2 will likely come packed with Samsung Exynos 5250 processor, which is based on Cortex-A15 architecture. The design is rumored to be similar with Samsung Galaxy S3. Further the device will be launched in US with dual-core processor and 4G LTE connectivity.
Moreover, the latest reports have claimed that the new Galaxy Note is Samsung's answer to Apple in smartphone wars. Apple iPhone 5 is likely to arrive in fall with 4-inch display, 4G LTE connectivity and upgraded processor.