The smartphone market is buzzing in anticipation of the release of Samsung Galaxy Note 5 following the launch of the Galaxy S6. The excitement and craze for the next flagship of 2015 the all-new Samsung Galaxy Note 5 is on the top of most awaiting devices.

There had been several rumors about the release of the Samsung Galaxy 5. Early speculations indicated a July release, but Samsung president Jong-Kyun Shin quickly doused cold water into this speculation, said TechRadar.

Some reports also suggested an August release in a bid to beat the release of Apple's new iPhone. It was even speculated that Samsung was talking with Taiwanese retailers about the release.

However, there is still no confirmation on the exact date when will consumers finally get their hands on the Galaxy 4. However, TechRadar is expecting Samsung will give a preview of the Galaxy Note 5 during the IFA 2015 this September. The South Korean company has previously used the event to release its phablet line.

There were reports the Samsung Galaxy Note 5 includes USB type C, wireless charging, faster charging time (may be around 25 minutes for full charge), 8-core to 16-core processor, 4GB RAM, 4K display and special S-pen.

Some suggested the Galaxy 5 will sport a rotatory camera sensor of 21MP and next generation Qualcomm 815 or Qualcomm 820 to support more resolution and better camera speed sensor.

TechRadar added that the new Samsung Galaxy Note 5 will have a big 4100 mAh battery, a 5.89-inch QHD screen and a slim 7.9mm thick build.

A separate report by Droid Life claimed the Galaxy 5 would not feature a microSD slot, as well as a removable battery just like the Galaxy S6, indicating that Samsung is veering in a different direction with its latest flagship smartphones.

What can be confirmed so far is that Galaxy 5 will be sporting the fastest internal storage system available in the Samsung specs, called UFS 2.0 (Universal Flash Storage), which was also present in the Galaxy S6 and S6 Edge. The UFS 2.0 proved to be at par in performance compared with the eMMC 5.0 memory that is used by its competitor flagships.

And since the Samsung Galaxy 5 will be sporting a very slim feature, it may be a smart choice for the South Korean giant to remove the microSD slot.

Also, it is worth mentioning the next Exynos octa-core processor would be amazingly unique with its process and threading technology. Octa-core processor of Samsung Exynos entered in the market with the launch of Galaxy S4 and now after the launch of Galaxy Alpha, Samsung revamped its processor of octa-core chip and now 8 cores can work together if the task needs. There are two pairs of quad-cores. But new Exynos can get the different-different 8 cores, not in pair but the task thread will use specific core depending upon the usage, it will definitely make the chipset more efficient. Also, the next super AMOLED 5.7 inches in the next Note 5 would be more efficient; already Samsung is expert in it. You can notice the difference in the LG G3 2K display and Galaxy Note 4 2K display.