Earlier this month, Samsung was in the headlines for releasing its flagship devices, the Galaxy S6 Edge Plus and Galaxy Note 5, at an "Unpacked" press event in New York. Latest rumors suggest that the South Korean tech titan is now working on a Galaxy S7 project.

According to Christian Today, as the company is yet to make a formal announcement in this regard, all reports regarding the purported Galaxy S7 should be considered as speculations.

In the meantime, sources close to galaxys6samsung.com have revealed details regarding the probable strategy Samsung may adopt and, based on the predictions; it is very likely that the purported Galaxy S7 will be available in early 2016.

The insiders also disclosed that since Apple's plan regarding the release of a potential iPhone 7 will trump Galaxy S6, the South Korean tech giant is expected to work harder to incorporate more unique specifications and features to their upcoming smartphone.

In terms of the specs, it is rumored that the Galaxy S7 is will have a 4 GB RAM, a capacity similar to that of laptops. If this is true, numerous gadget lovers will be thrilled as a device with such huge computing memory capacity would offer plenty of advantages.

According to some reports, the purported Galaxy S7 will run on a 64-bit Exynos processor, which would make the upcoming device the first Android smartphone to use such.

As far the speed of the device is concerned, it is expected that the Galaxy S7 will have a 3.5 GHz power, certainly a faster phone that many would love to acquire. In addition, the S7 is also speculated to come with an internal storage capacity of 128 GB, with the possibility of going higher, as the Galaxy S6 already carries the same capacity and it is expected that the S7 will be superior to S6.

Moreover, the upcoming Samsung device will reportedly have a 30-megapixel camera and a 4K, 5.5-inch Amoled display. It is also expected to come with waterproof facilities. Some reports claimed that the new smartphone will also sport an infrared sensor possessing the aptitude of measuring a person's body temperature.

The most interesting news about the upcoming Galaxy S7 so far is the possibility that the device will be the first smartphone to have a holographic display.