Samsung Galaxy Note 3
A man talks on his mobile phone near advertisements promoting the Samsung Electronics' Galaxy Note 3 at the company's headquarters in Seoul October 21, 2013. Picture taken October 21, 2013. REUTERS/Kim Hong-JiReuters

Samsung's much awaited 2014 flagship phablet Galaxy Note 4 is reportedly making its debut in September first week.

Popular media house, The Korea Times, citing senior executive of a tier-1 Samsung supply partner has claimed that the smartphone leader is expected to pull the wraps-off the fourth generation Galaxy Note on 3 September, just days ahead of the international electronics trade show IFA (Internationale Funkausstellung Berlin) 2014, Germany, which is scheduled to kick-off on 5 September.

The new Galaxy Note is expected to hit stores early in order to offset the launch of Apple iPhone 6 series, which is expected to debut the very same month (on 19 September, read the report, here).

Samsung is a bit under pressure to raise its stakes as the company reported a loss of profits (close to 25 percent). The company has been witnessing decline in the three previous quarters, which is its weakest since 2012, reported Reuters.

The smartphone leader is facing competitions from both sides –top end (from Apple Inc.) and lower segment market with emerging Chinese firms- Huawei and especially three-year old, Xiaomi, who recently displaced tier-1 brand, LG from the top 5 leader chart.

In its bid to arrest the declining profits, the South Korean company is contemplating to incorporate different design for the Galaxy Note 4 with bendable OLED displays. The new phone will keep the same screen-size (5.7-inch) of Galaxy Note 3, but boast QHD (2560x1440p) resolution.

[Also read: Samsung Galaxy Note 4 Roundup: What we Know so Far]

Other expected specifications include UV sensor, latest Android OS, minimum 3GB (or 4GB) RAM, 16GB/32GB (expandable), 16.0-megapixel Sony camera with OIS and value-added features like - water-proof certifications, finger print sensor/Iris Scanner, heart-rate sensor, ultra-violet sensor, ultra-sound enabled S Pen Stylus.

Expected Specifications of Samsung Galaxy S5 include:

Model Samsung Galaxy Note 4
Display 5.7-inch or more with QHD (aka 2K) 2560x1440p resolutions
OS Latest Android OS
Processor 2.7GHz Qualcomm's Snapdragon 805 series quad-core processor with Adreno 420 graphics engine/Exynos 5443 Octa-core CPU chipset (yet-to-be-announced) paired with the Intel's XMM7260 Cat. 6 modem
RAM Expected 4GB
Storage capacity Either 16GB or 32GB with options for expansion via microSD card.
Camera Main: Sony's proprietary IMX240 (yet-to-be announced) 16.0-megapixel camera with OIS (Optical Image Stabilizer) feature

Front: 2.0-megapixel camera

Network 3G/4G-LTE (cat.6)
Add-ons Water-proof certifications, finger print sensor/Iris Scanner, heart-rate sensor, ultra-violet sensor, ultra-sound enabled S Pen Stylus