A new report from Korea has claimed that Samsung's upcoming Galaxy S7 smartphone will not be released until February 2016. A credible Korean publication named EToday said that Samsung will unveil the flagship Galaxy S7 in January 2016, followed by the official release in February.

As it turns out, the South Korean tech giant is now following the widely-used “Agile” development methodology, which vouches for incremental development of project. This methodology will apparently help in accelerating the device’s development cycle, Phone Arena reported.

It is worth noting that the Samsung Galaxy S5 and the Galaxy S6 were introduced at the MWC 2015 event in Barcelona, which is traditionally held sometime inbetween February and early May. Following the announcement, the smartphones hit the store shelves in April.

Samsung launched the Galaxy Note 5 in August, which is quite odd because usually the Note series gets unveiled at the IFA event in September. Since the South Korean tech giant broke the usual pattern with Note 5, it makes sense that the company will be launching the Galaxy S7 a month or two earlier, according to Phone Arena.

To corroborate this news further, EToday has apparently cited SK Securities as the source. The point to be noted, however, is that SK Securities is part of the SK Group that owns SK Telecom, which is one of the biggest telecom carriers in South Korea.

Moving on to the rumored Galaxy S7 specifications, the device will reportedly be powered by either a Qualcomm Snapdragon chipset or Samsung’s own Exynos M1 / 8890 SoC. There will be two variants of the S7, including a flat model and a curved-edge version similar to Galaxy S6 Edge. Other reported features include a microSD card slot along with UFS 2.0 storage, improved camera sensor and magnesium alloy unibody design.