Not long ago, Meizu acknowledged that the company has shipped about 3 million phones in August. The devices that made an impact include the Meizu M2 Note, Meizu M2 and Meizu MX5. But now, a new report from China said that the tech giant is gearing up to release a new flagship handset called “Meizu ME5.” Also, the Meizu ME5 release date has apparently been set towards the end of this year.

According to Phone Arena, the handset will reportedly come powered by Samsung’s Exynos 7420 chipset, which uses the same 14 nm "future-proof silicon" seen in the Samsung Galaxy S6 and Galaxy Note 5 phablet. This hardware component has apparently helped ME5 to score a whopping 69,000 points in the AnTuTu benchmark testing site. The ME5 is also said to have the fastest processor among the Android handsets released thus far.

In addition, the Meizu ME5 will be released as two variants. One of the two will apparently come with a 5.5-inch display, aided by 1080p screen resolution. An Exynos 7420 chipset, along with 3 GB of RAM configuration will also be part of this variant.

On the other hand, the second variant dubbed “Meizu ME5 Pro” will reportedly come with a powerful deca-core Helio X20 processor and will be backed by a solid 4 GB of RAM. When it comes to camera specification, the device will sport a 21-megapixel rear-facing sensor with f/1.8 aperture. However, the Meizu ME5 Pro could support OIS technology as well, Phone Arena reported. In addition, there will also be a generous 6.2-megapixel front-facing shooter for selfies.

To top it all off, the Meizu ME5 will come housed with a powerful 3,600 mAh battery unit to keep the lights on for a longer period of time. In addition, the phone will reportedly come equipped with 32 GB of native storage, according to Gizmo China. Speaking of Meizu ME5 price, the handset will be made available for a whopping 5,000 yuan ($786).