Rumors about the release of a second Samsung flagship dubbed Galaxy S7 have been around for some time now, with Samsung planning to release the handset earlier to counter the upcoming Apple iPhone 6s release around the same time period. However, a new report from Mobile Burn says Samsung insiders have trashed the rumor.

Many reports from the past few days stated that Samsung was gearing up to release the Galaxy S6 successor, called Galaxy S7, not in 2016, but in the second half of 2015. In addition, there were rumors that Samsung might unveil the Galaxy Note 5 before the September IFA trade show in Berlin. The S7 move was reportedly to counter Apple's next iPhone release. But a Samsung insider reportedly quashed all the rumors, stating that the next flagship model will be introduced during the Mobile World Congress time frame, like any other year, says Phone Arena.

The inside source from Samsung did not confirm any configuration details of the Galaxy S7.

Phone Arena says Samsung is aware of the threat from Apple, as the iPhone 6 and iPhone 6 Plus sales have broken records.

The Samsung Galaxy S6 and Galaxy S6 Edge smartphones have received positive reviews, from across the globe. However, the market trend is quite unpredictable because Apple and Samsung release their respective flagship models at opposite ends of the calendar. Needless to say, the upcoming Samsung Galaxy Note 5 will feel the heat from all corners.

Samsung has not confirmed the Galaxy Note 5 specifications, but the phablet’s display reportedly will have 2K resolution, although 4K resolution is also rumored. The device will approximate the Galaxy S6 design but will house a much bigger battery unit, like the predecessor Galaxy Note 4.

The Galaxy Note 5 will be powered by Samsung’s own Exynos 7422 processor. A USB Type-C port and an impressive camera unit will also be part of the large phablet.