HTC has sent out press invites for its event in February where the company is likely to launch the highly-rumored M7 smartphone.

The event will be held on Feb. 19 from 10 AM onwards in New York and is just days before the Mobile World Congress (MWC) event in Barcelona kicks off. The press invite does not indicate the launch of a specific device leaving smartphone enthusiasts guessing what awaits them on Feb. 19.

A quad-core Qualcomm APQ8064 processor is expected to power the HTC M7. The smartphone is likely to sport a 4.7-inch display with 1080 x 1920 pixels resolution and 468 pixels per inch (ppi). The device is speculated to have 32GB of on-board storage with option to expand the memory using a microSD card. Carrier Sprint will likely retail the M7 in the U.S.

Recent reports suggest that the M7 will have the company's latest Sense 5.0 running on top of the Android platform and users can experience a "simple and clean" user interface (UI).

HTC was one of the top five smartphone vendors in the third-quarter of 2012, but lost over six percent of its market share when compared to the same period in 2011.

"HTC clung to the number 5 smartphone spot last quarter thanks to sales of key models such as the HTC One X and the EVO 4G. Continued year-over-year growth in the Asia/Pacific region helped the smartphone vendor offset some of the share losses the vendor has endured in key mature markets, namely the U.S." per an IDC report.

We will have to wait till Feb. 19 to see what the Taiwanese company brings our way, and whether the latest HTC device is able to strengthen the position of the company in the gadget space.