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It's been less than a week since LG launched its flagship smartphone G2 in New York, now a report has surfaced that the South Korean company is gearing to launch another 5.2-inch Vu series handset next month.

Korean media house Asia Economic reported that LG is planning to release its third generation Vu series smartphone with high-end specifications later next month. It claimed that Vu 3 would pack a Qualcomm Snapdragon 800 series quad-core processor and support for LTE-Advanced network connectivity plus a 13.0-megapixel camera on the rear-side.

LG Vu 3 is expected to sport a 5.2-inch display with 1280x960p resolution. It is also said to retain its 4:3 display ratio as seen in its predecessors.

With the addition of high-end specifications in the third version of Vu, LG seems to be on a mission to revive its 'Vu series brand', as the two previous generation handsets were received with mixed response around the globe.

According to reports, LG Vu is expected to unveil the device at the international tech trade show IFA (Internationale Funkausstellung Berlin) 2013 September (6-11) and later get released in to markets by the end of the month. Co-incidentally, just two days before IFA event, LG's South Korean counterpart Samsung will reportedly unveil its Galaxy Note 3 on 4 September.

Rumoured specifications of LG Vu 3:

Model LG Vu 3
Display 5.2-inch Display with 1280x960p with display ratio of 4:3
OS expected to run on Android v4.3 Jelly Bean
Processor Qualcomm Snapdragon 800 series quad-core processor which can top CPU speed up to 2.3GHz
GPU Expected to be Adreno 330 graphics engine
Camera 13.0-megapixel camera
Network LTE-Advanced