The next version of Galaxy Gear will also be launched with Galaxy S5 phone, suggested the report. The original Galaxy Gear was launched in September 2013. The next generation of Galaxy Gear is said to be 15-20 percent thinner, though there is no official confirmation on its specifications. A Korean publication said that the device will come in two variants.  The first one will sport a metal chassis and a flexible OLED, while the second one will come with the regular plastic body.

It is also speculated in the tech arena that one version of Galaxy S5 will run on 64-bit Exynos chipset, while the other one will be installed with a Snapdragon chip. If rumours are to be believed, specifications of Samsung Galaxy S5 include a display with 2K resolution, 16MP camera and Google’s Android 4.4 (KitKat) operating system.

The upcoming Galaxy S5 device will include a 16MP camera packed with Samsung's Isocell technology, which focuses on capturing crisp and high-quality images, a report said.