Samsung Electronics Co. Ltd., the world's No. 1 smartphone maker, plans an initial production run of about 5 million of its Galaxy S7 smartphones, South Korea's Electronic Times reported Monday, citing unnamed sources. The paper said Samsung is planning to launch two different versions of its new flagship smartphone: a 5.2-inch, flat-screen version and a 5.5-inch, curved-screen version that will be called the Galaxy S7 Edge.

Samsung plans to initially make about 3.3 million of the flat-screen devices and about 1.6 million of the curved-screen version, the report said, with plans to launch the handset in February.

A Samsung Electronics representative declined to comment on the report.