Samsung Electronics Co. Ltd. (LON:BC94) (KRX:0059935) fans may not have to wait much longer for the Galaxy Alpha. A new report from a Korean news source indicates the new phone will launch on Wednesday.

samsung Galaxy Alpha Galaxy F

Galaxy Alpha specs and features

Previous rumors regarding the anticipated smartphone indicate the gadget is expected to feature an Exynos octa-core processor, 2GB of RAM, 32GB of internal storage, Android 4.4 KitKat operating system, and a metal body. The latter feature is supposed to be one of the most notable as critics often complained about Samsung’s plastic phones.

Galaxy Alpha isn’t the only big smartphone fans are anticipating from Samsung, the company is also expected to release Galaxy Note 4 phablet prior to the upcoming IFA trade show next month. It is expected the devices will push Samsung back up to the top.

What Galaxy Alpha could do for Samsung

It is still unknown how the Galaxy Alpha will compare to other Samsung products. Rumors suggest Samsung will give this phone a metal body but lower-end specs which puts it behind the Galaxy S5 and possibly the Note 4. There is a strong possibility the Alpha will be marketed as a mid-priced device with a premium look.

This wouldn’t be the first time Samsung experimented with the smartphone market. The company unveiled the Galaxy Round last year. This device featured a super flexible AMOLED capacitive touchscreen, 3GB of RAM, 32GB of storage, and 13MP camera with LED flash.

Samsung is trying hard to recapture it’s top position in key markets India and China. It’s highly speculated Samsung will target the Galaxy Alpha to international markets. It’s also possible the phone will fill the void of last month flop’s Tizen flop. The phone was supposed to launch in Russia during the third quarter but was postponed. Tizen was supposed to be Samsung’s attempt to establish a mobile operating system to diffrentiate it from Android.