If a Yahoo Korean news report is to believed, Samsung is preparing its newest smartphone project under the name 'Samsung Galaxy Q', which will have a 5.3-inch screen and will launch at the IFA (Internationale Funkausstellung Berlin) event in September.

The report said that the Samsung-made device is a fusion between Galaxy S2 and Galaxy Tab. Details of the new smartphone are still unknown but it is certain that the device will sport Samsung’s Exynos dual core SoC and will support both LTE and WCDMA networks.

It is expected that the handset will arrive with an HD screen resolution of at least 1280x800 pixels and will run on Android 3.0 or Honeycomb, according to an ITProPortal report.

The 3.7-inch iPhone 5, in comparison, will have an 8MP dual-LED flash camera with 1080p video capture. It will run on iOS 5 and will be powered by an enhanced A5 processor.

The 4.5-inch Hercules, which is expected to arrive next month, will run on Android 2.3 or Gingerbread juice. The device will have a rear-facing 8MP LED camera with 1080p video capture capability, an additional front-facing camera for video chat, and an 800x480 Super AMOLED Plus display that is very similar to AT&T’s Samsung Infuse 4G. The smartphone is rumored to be available for $350 and will be powered by a dual-core 1.5 GHz dual-core Qualcomm APQ8060 processor with 1GB RAM.