Samsung Galaxy S5
New Samsung Galaxy S5 smartphones are seen on a display at the Mobile World Congress in BarcelonaReuters

Before the newly unveiled Samsung Galaxy S5 could hit global stores, a report has surfaced online that a cheaper variant of the flagship smartphone is already under works.

The alleged Samsung smartphone, with code-name SM-G800F, was spotted at the India-based export-import logistic website In the description, it is given that the device has been imported from South Korea to India for 'R&D' purpose.  

Though there is no mention of the name or key specifications of the device, the similarity between code-name SM-G800F and Galaxy S5's test model's alphabet-number combo cipher 'SM-G900F', which was spotted in the same website before its official launch, has led many to believe that the South Korean company might release an economic variant, which might possibly come with a nomenclature Galaxy S5 Neo, noted the technology website PhoneArena.

Since the device SM-G800F is marked for R&D purposes, the Galaxy S5 Neo might not see the light of the day anytime soon as the original model Galaxy S5 is yet to reach the market. Even the cheaper Galaxy Note 3 Neo hit the stores last month, almost six months after the launch of its high-end model Galaxy Note 3 in September 2013.

Besides Galaxy S5 Neo, other variants - Galaxy S5 Mini with stripped down specifications and Galaxy S5 Prime aka Galaxy F, an all metal premium phone - are also touted to be launched some time later this year.

(Edited by Vishnuprasad S Pillai)