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Samsung rumor scoop: 5.9-inch phablet coming soon

Samsung 5.9-inch phablet Samsung 5.9-inch phablet reportedly in the works

On top of the building anticipation for Samsung Galaxy S IV, fresh rumors emanating out of South Korea are suggesting that the Korean electronics giant is working on a 5.9-inch phablet that would hit the markets later this year.

This startling revelation was made by the Korean Times, which in turn quoted an unnamed Samsung official speaking on the condition of anonymity. The said official revealed, "Samsung is working on introducing a new phablet using a 5.9-inch organic light-emitting diode (OLED) screen."

Rumored specs of 5.9-inch phablet

Samsung’s proprietary Exynos Octa processor will power the device, revealed the insider. The report cites "an inside source from Samsung" and reveals the long term plans of the company that has challenged the near monopoly of Apple Inc. in the smartphone markets with its tremendously successful Galaxy series of smartphones.

The report reveals that Samsung might be counting on the phablets and that the company plans to sell a large number of these devices, to keep its lead in the smartphone industry. It is not clear at the moment whether the rumored device is different from the 6.3-inch Galaxy Note II devices, currently under development.

Speculations are rife over the Galaxy Note II device as well, but nothing much is known about it either, save the occasional rumors that keep popping up every now and then. Reports had emerged some time back that the company is working on Organic Light Emitting Diode (OLED) displays and cutting back on its investment on LCDs.

Will the much hyped flexible display make its debut

Quite unlikely, as the folks out there at Samsung are finding it hard with coping up with the demand for the same. The flexible display was unveiled at the Consumer Electronics Show (CES) last year. (Read: Hottest Product Launches at CES 2013 and Samsung planning to woo the consumers).

To quote the Korean Times, “the new handset will be powered by the in-house Exynos octa-core chipset to meet consumer demand for faster data processing and downloading speeds. But it’s unlikely that the company will use flexible display technology as its display-making affiliate ― Samsung Display ― is having difficulty coping with demand.”

Clearly, a lot is in the store for gadget lovers this year. Stay tuned with the Money Times for all the juicy news about gadget releases, rumors, and other technology world news.