Market leader Samsung is allegedly working on a new music-centric smartphone called the Galaxy Music. According to reports, the company has sent out invitations to an Oct. 11 event in Germany, where it will announce a new device, purportedly the Galaxy Music phone.

The event will take place at a recently-opened Samsung store in Frankfurt and the invitation, which is in German, asks invitees to get "Ready for a little sensation? Be there when something small makes a big impact."

Earlier this week, Samsung released a list of smartphones and tablets which are in line to get the latest Android 4.1 Jelly Bean software update. The list of devices included an unfamiliar name of a yet-to-be released device - the Galaxy Music.

Recently, an anonymous tipster divulged the details of the device's specifications and features to Web site Sammyhub.

"We heard about Samsung Galaxy Music a couple of days back when Samsung revealed a list of devices that will upgradable to Jelly Bean OS. Admittedly, the name seemed to be related to a portable media player but according to our source, the device is a phone," stated the Web site.

The Galaxy Music, as the name suggests, is a music-centric smartphone that will be targeted at music enthusiasts. The mid-range phone is rumored to sport a 3-inch display and will come pre-loaded with Android 4.0 Ice Cream Sandwich, but will be updated to Jelly Bean post release.

An 850MHz processor will power the smartphone, which will pack in 512MB of RAM and 4GB of on-board memory. The Galaxy Music will also include an expandable memory option, thanks to the microSD card slot. The phone will also feature a 3-megapixel rear-facing camera. It is allegedly going to be launched in single-SIM and dual-SIM versions.

Since music is supposedly the mainstay of this smartphone, the Galaxy Music will reportedly feature an FM radio with a built-in FM antenna. The device is also rumored to have a dedicated music key and a pair of front-facing loudspeakers, and it will likely use Samsung's Music Hub service. Moreover, Samsung is believed to have incorporated its SoundAlive technology and SRS to improve the sound output.

No details on the pricing of the smartphone are available yet. The Galaxy Music is expected to be launched in mid-October, possibly at the Samsung event in Germany.

With major players like Sony and HTC (with its Beats Audio technology) having an established base when it comes to music-centered smartphones, it remains to be seen if Samsung will be able to establish a stronghold with its Galaxy Music offering in the long term.