Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) is a company that believes in making different variants of the same phone. For example, the company’s flagship phone – Galaxy S4 – has nine different versions. And that’s why it will not be a surprise if Samsung applies the same tried and tested formula to its highly popular Galaxy Note 3 phablet.

Galaxy Note 3
Galaxy Note 3 Neo pictured on the left

According to the folks at GSMArena, the Korean company is set to release what will be known as Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) Galaxy Note 3 Neo. This phone looks like a refreshed version of the Galaxy Note 2, rather a trimmed down version of the Galaxy Note 3.

Samsung Galaxy Note 3 Neo specs

Talking about the specs, the Note 3 Neo will feature a 5.5-inch 720p Super AMOLED screen, 8MP camera and 3,100 mAh battery. The company has also kept the RAM and internal storage at 2GB and 16GB respectively, the same as Note 2.

However, one area where it ups its bar compared to the Note 2 is in the processor department. It will come with the “new 1.7GHz dual + 1.3GHz quad-core (Hexa) processor” which will significantly outperform the Galaxy Note 2. More details on the performance of this processor can only be known after proper benchmark of this phone.

The Galaxy Note 3 Neo is expected to feature the new faux leather back cover, the same leather back cover that comes with the Galaxy Note 3. Smart features that come with Note 3 and S4 like the Air command and Advanced Multi Window are also expected to come in Note 3 Neo.

Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) will likely market this new phone as a low-cost alternative to the Galaxy Note 3. However, how well will it succeed that remains to be seen.

Image via SamMobile Twitter handle.