Get ready for the Galaxy S5: Samsung to launch Galaxy S5 in Jan 2014

The Samsung Galaxy S5 is set to be one of the biggest smartphone launches of 2014

According to South Korean media sources, Samsung is planning to expedite the presentation and launch of its latest high-end smartphone. The Galaxy S5 unveiled as soon as January 2014 ahead of a release in February. The previous models in the line, the Samsung Galaxy S3 and S4, were launched in May 2012 and April 2013 respectively. It may be a party of five in the next three months, as the Nexus 5 smartphone that's expected to be announced next week could be joined by the Galaxy S5.

According to the media source in South Korea, Naver, Samsung's decision to fast-track the new model is because Galaxy S4 sales has been low, and the company hopes various new technologies in the Galaxy S5 will help turn the slump around. The company sold around 10 million Galaxy S4 phones worldwide within one month of the smartphone's release.

The source Naver is a site made up of ex-Samsung employees, and we do know that the Korean electronics giant really wants to upgrade its smartphone to compete with the iPhone 5S.

Rumors suggesting that the Galaxy S5 will be equipped with a 64-bit, eight-core Exynos 5430 chipset. This chip will feature Heteregenous Multi-Processing (HMP) technology that allows all eight cores of the processor to work simultaneously. In the current eight-core chips that Samsung uses in its Galaxy S4 and Galaxy Note 3, only four of the eight cores can operate at a time.

Samsung co-CEO Boo-Keun Yoon revealed that Samsung plans to connect all of its devices together with the new operating system, Tizen – co-developed by Samsung and Intel.

Samsung Galaxy S5 is also expected to have a 16-megapixel camera with optical image stabilization and better performance in lowlight conditions. The recently unveiled Isocell sensor is also expected to debut with this smartphone. According to GSMarena the new lens has been designed to fit in its slimline range of smartphones.

Earlier reports point towards a waterproof and dust-resistant body and a curved and unbreakable screen. Rumors suggested that the Galaxy S5 might finally feature a metal housing in place of the flimsy-feeling plastics Samsung typically uses.

Samsung has recently unveiled the world's first smartphone with a curved screen, named Galaxy Round.