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 Samsung is all set to unveil the next edition of Galaxy Note and a curved Galaxy S6 Edge Plus later this evening (Aug 13) at an event in New York.

Desperate for success, and in an attempt to lead over rival iPhone, Samsung has for the first time advanced the launch date by almost three weeks.

Both the Galaxy Note 5 and the S6 Edge Plus are expected to come with some advanced features and competitive pricing as the company has more to worry with not so optimistic results so far this year. The company reported an 8 per cent year-on-year drop in its net profit that dropped to ($4.9 billion).

Earlier this month Samsung had reduced the price of both the Galaxy S6 and the S6 Edge by almost Dh500. Currently a 32GB Galaxy S6 Edge can be purchased for Dh1750. On the other hand the price of a 32 GB Galaxy Note 4 is Dh1,900/-

But expect that to change soon as the Note 4 could get a price drop within a few weeks.

UAE retailers are expecting a serious drop in prices during the forthcoming Gitex Shopper.

"Expect at least a drop of Dh200 to Dh400," said a staff at Emax electronics in Dubai.

"We are expecting Note 5 to be priced somewhere between Dh2500 to Dh2800," he added. A Galaxy Note 3 can be purchased online for as low as Dh1200.

The new Note is expected to come with a metallic glass design, the first for a Galaxy Note.

Most of the specs for the new phone has already been leaked. The Note 5 is rumoured to have a 5.66-inch Super Amoled QHD display of 2560 x 1440p resolution, Octacore Exynos 7420 chipset, and 4GB of RAM. The camera will receive an upgrade and will incorporate a 16MP sensor. The front camera is expected to remain the same with 5MP sensors.

For those interested to watch the announcement, Samsung is live streaming the event.