Powered by the Android 4.4 KitKat mobile operating system, the Galaxy Note Edge has a quad-core 2.7GHz Qualcomm QCOM +0.1% Snapdragon processor and sports 5.6-inch Quad HD Super AMOLED screen (2560 x 1440 resolution).

It also feature a 16-megapixel rear-facing camera (8x digital zoom) and a 3.7-megapixel front-facing shooter. The device supports 4K video recording, GPS, NFC, IR Blaster, LTE/HSPA+, S Health 3.5, Bluetooth, WiFi, microUSB.

The Galaxy Note Edge has a heart rate monitor, a fingerprint sensor and S Pen support.

The S Pen offers mouse-like functions so you can quickly copy, paste, and drag and drop. The Galaxy Note Edge also includes 3GB of RAM, 32GB of internal storage, support for up to 128GB of external storage and a 3,000 mAh battery.

The Galaxy Note Edge will be available in Charcoal Black and Frost White in select markets through Samsung’s retail channels, e-commerce and other carriers.

Samsung, which is the world's largest smartphone maker, is betting big on these launches as it faces tough competition from the US-based Apple.

Samsung is also witnessing competition from local players in developing markets such as India and China.

According to research firm IDC, 301.3 million smartphones were sold globally in April-June 2014, up 25.3 percent from 240.5 million units shipped in the same period last year.

Samsung accounted for over 25 percent share, while Apple had over 11 percent share.