After weeks of speculation on HTC's new pet project, code named 'M7', there are reports that the smartphone will see a launch early next year.

The M7 smartphone, which is seen as a successor to HTC's most celebrated One X, is expected to be unveiled at the Mobile World Congress, which will be held February in Barcelona, reported Unwired View.

The expected specifications of HTC M7 are:

Model HTC M7(code named)
Display 4.7-inch Full HD Screen,1080p SoLux technology, 468 ppi

(pixels per inch)

OS Android Jelly Bean
Processor 1.7GHz quad-core Snapdragon
Internal memory 2GB RAM
Storage capacity 32GB
Main camera 13.0-megapixel,1080p HD videorecording
Front facing camera 2.0-megapixel,1080p HD videorecording
Audio Beats amplifier, stereo speakers
Battery 2300mAh
WLAN 802.11 a/b/g/n/ac

The specifications of M7 is sure to raise the standards of the smartphone industry, considering that its 468 ppi screen is said to have 40 percent higher resolution than that of Apple's latest iPhone 5.

The smartphone's camera comes with image enhancing technology Cinesensor, which boosts image quality. It also features HD video recording and super slow-motion video playback.

The Taiwan-based electronics major is said to be signed a partnership with US carriers Verizon and Sprint to launch M7 in the US. The date of release is still kept under wraps.

Many handset manufacturers are set to launch new smartphones in two upcoming electronics showcase events - the MWC and the Consumer Electronics Show (CES) which will take place January in Las Vegas.

Samsung has released a teaser video tagged as 'Get Ready' for CES without revealing much, but the company is speculated to release new OLED based Smart Televisions. Various reports suggest that the South Korean company is planning to launch its rumoured Galaxy S4 smartphone in MWC.