We have already been hearing rumors about Samsung moving forward the date of its new phone launch. And now latest reports suggest that the Samsung Galaxy S7 would likely be unveiled in February at a special private event, a day before the Mobile World Congress, 2016. But the electronics company, based in South Korea has yet to give its confirmation regarding the predicted launch.

Reports also suggest multiple feature upgrades for the Samsung Galaxy S7 over the previous model (i.e. the Galaxy S6). There might be two variants for the Galaxy S7. One of them will be backed by a 2.4 GHz Samsung Exynos 8890 processor, while the other will operating on a Qualcomm Snapdragon 820 processor.

The two variants will have similar features-a 2560×1440 pixels QHD display, inbuilt memory of 64GB, Android 6.0 Marshmallow, 23 MP camera, 4 GB RAM, 3D Touch, front snapper (5MP) among others.

An analyst based out of China, has reported that the company might be thinking about a 10% drop in the pricing of its new smartphone (as compared to the Samsung Galaxy S6). It is possible that a price reduction could be a major driving force for Samsung. However, the company is looking to sell the device in the luxury Android market. This means that a price reduction is not really an option for the electronics giant. The switch back to Qualcomm processors could possibly result in cost-savings in the manufacturing of the Samsung Galaxy S7. The launch of the smartphone is eagerly awaited in the market.

Image credits: Forbes

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