Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) is readying to launch its newest phone, the Galaxy S4, this month and more details are emerging as the date gets closer.

According to a SAMMOBILE posting on Friday, DannyD wrote that Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) is ready to get rid of the GT-I9505 (Galaxy S4 LTE) and produce a mockup version of its Galaxy S4 for retailers. The company has said it will launch the new phone in February, but now it carries a March 14 date in New York City.

Galaxy S4

Samsung has said it is interested in only offering a device with LTE and 3G. It could also include either utilizing  QUALCOMM, Inc. (NASDAQ:QCOM)’s Snapdragon 600 processor in the Galaxy S IV or a Exynos processor with an independent LTE chip.

Rumors are giving the winning nod to the Snapdragon processor with its 1.7GHz coupled with RAM of 2GB.

Additional nuggets about the impending introduction of the Galaxy S4 includes it will initially be offered in two colors, black and while. Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) would like to sell the new phone in six variants including the following:

Three in white: GT-I9500 Galaxy S4 16 GB, GT-I9500 Galaxy S4 32 GB and GT-I9500 Galaxy S4 64 GB

Three in black: GT-I9500 Galaxy S4 16 GB, GT-I9500 Galaxy S4 32 GB (Black)and the GT-I9500 Galaxy S4 64 GB.

In addition, storage will not be an issue in this Samsung phone as it will have MicroSD exapansion support. It is expected the Galaxy S4 will have a MicroSD slot that will allow users to upgrade storage up to 64GB. This means the phone will be able to hold numerous movies, music and phones.

Additional specs for Galaxy S4 includes a 5-inch full 1080p display and a potential 13MP camera.

This week while attending the Mobile World Congress (MWC), Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) confirmed its March 14 launch date for the Galaxy S4. Expectations are high for the phone.

This week, J.K. Shin, the head of Samsung Mobile said to the Korean media, “We introduced the Galaxy S III in London last year, and this time we changed the venue (to New York) … as we were bombarded with requests from U.S. mobile carriers to unveil the Galaxy S IV in the country.”

Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) is ready to take on Apple Inc. (NASDAQ:AAPL) with this phone and in the third quarter of 2012, its Galaxy S III outsold the iPhone–the first smartphone to do so reported CNN.

During that time period, the Galaxy S III shipped globally 18 million units as compared to the iPhone 4S 16.2 million units during the same period, according to Strategy Analytics research.

At the end of this week’s MWC, Bank of America Merrill Lynch’s tech team wrote up a summary and noted some of the key takeaways, including the pending launch of the Galaxy S4.

Take a look at our writeup.