Samsung is done with its first flagship smartphone of this year, and now it's the turn of the second and the bigger one.

The Korean electronics company is no doubt currently creating the Galaxy Note 3; however, we still have to depend on rumors about the specifications of the device.

According to the latest rumor, the successor to the Galaxy Note 2 is going to be more powerful in terms of speed and graphics support than its predecessor.

A SamMobile report says that the Galaxy Note 3 will be powered by Samsung's own Exynos 5 Octa processor. The Exynos 5 is an eight-core processor that is a combination of two quad-core CPUs clocked at 1.7 GHz and 1.2 GHz.

Apart from the CPU, the bigger thing is going to be the GPU of the phone. According to the report, the Galaxy Note 3 is going to sport an eight-core Mali 450 GPU. If Samsung introduces the eight-core GPU in the Galaxy Note 3, the gaming experience on the device will be escalated to a new level.

To support these two heavyweights (CPU and GPU), the phone is reported to come with 3 GB RAM that is going to give good runtime to fancy and graphics-heavy applications.

Apart from these two big things, Galaxy Note 3 is expected to come with a huge 5.8 display that we assume will be SuperAMOLED with an HD display. Samsung was earlier rumored to be introducing its flexible display with the Galaxy Note 3 device, but there were also reports that the company is facing supply-related problems and the arrival of the flexible display will be delayed.

The Galaxy Note 3 has been the subject of recent rumors. According to a leaked picture in the beginning of the month, the device was ready with a 5.99-inch display. The leaked picture was later found to be of the Zopo phablet ZP950.

The Galaxy Note 3 is expected to be released at this year's IFA in Berlin.