The upcoming handset will go into mass production in January next year and will be released in March, says the ETNews report.
A report by technology website SamMobile says that one version of Galaxy S5 will runs on 64-bit Exynos chipset, while the other one will be powered by a Snapdragon chip. Other rumoured specifications of Samsung Galaxy S5 include a display with 2K resolution, 16MP camera, 4,000mAh battery and Android 4.4 (KitKat).
The ET News report also says that Galaxy S5 will be launched alongside the second-generation Galaxy Gear smartwatch. The original Galaxy Gear was launched in September this year. Its successor is said to be 15-20% thinner, though there is no information on its specifications.
Samsung recently announced that it has sold 8,00,000 units of Galaxy Gear smartwatch in two months globally.