Korea-based electronic giant Samsung has been rumored to compete with Apple’s upcoming iPhone 5 with an unnamed smartphone that would detach itself from the company’s Galaxy series.

The specifications of the new smartphone leaked, however, show that the phone is yet another inclusion to the same series and has been called Samsung Galaxy Z.

The upcoming Samsung smartphone is rumored to be a combination of Samsung Galaxy S2 and the Samsung Galaxy SL i9003. The phone will be powered with a Tegra 2 chipset and a 2.1 GHz Cortex-A9 processor.

Galaxy Z is also supposed to run on Android 2.3 (Gingerbread), and have a 4.2-inch WVGA screen. The phone will have a 5-megapixel auto-focus camera which will shoot video up to 720p. An 8GB internal memory will also be provided which can be expanded up to 32GB via MicroSD, according to a Brothersoft report.

Apple’s anticipated iPhone 5, previously, was rumored to flash a 3.7-inch carved glass screen when compared. The iPhone 5 will also showcase the new iOS 5 platform. Galaxy Z, as mentioned earlier, will have Gingerbread 2.3.

Apple’s upcoming sensation will also shoot videos at 1080p, and will be 4G LTE compatible if rumors are to be believed.