Amidst the profit decline rumors from Samsung are reports of their latest flagship models --- Samsung Galaxy Note 5 and Samsung Galaxy 7 --- and their imminent release in the gadget world.

Forbes reports that the second consecutive market decline for Samsung shows that the strategies it has used in the previous years have been delivering weaker results.

Even though the Galaxy S6 and S6 Edge could have stopped this trend, it seems that the South Korean company is still not turning enough profits than it expected.

According to Know Your Mobile the Galaxy Note 5 is expected to have a premium design with a metal frame reminiscent from Galaxy Note 4, with glass panels on the frn and back, rather than the old leather plastic it used on its last couple handsets.

Samsung's 14 nanometer Exynos octa-core processor also expects it to have a rather impressive battery life with a low milliamp-hour cell, allowing for a thin, lightweight gadget without sacrficing performance.

The new Galaxy Note will also have an ultra HD 4K Display with its Super AMOLED, giving the product better color accuracy and contrast, better brightness levels, and better viewing angles.

Better processing power with the Exynos 7420, 64-bit octa-core chipset will also be expected. With Samsung letting go of their partnership with Qualcomm, the new hardware expected to be installed in the Note 5 is faster, cooler, and significantly improves battery life.

Master Herald reported that the Samsung Galaxy S7 will be more superior and less of an reiteration of the S6. 

Like the Galaxy Note 5, it is expected to run with the Exynos processor, but of a different model --- 64-bit, 3.5GHZ processor with 4GB RAM, with internal storage options that comes in 32GB, 64GB, and 128GB variants.

However, Phone Arena thinks that Samsung and Qualcomm haven't finalized their divorce yet. There is a possibility that a Qualcomm Snapdragon chipset will be the processor for the Galaxy S7.

The newest in the Galaxy series has a rumored 30-megapixel rear camera and a 10-megapixel front cam, which makes it a great component for social media users. This has not yet been confirmed, as it will be first among smartphones to have such a high-quality camera installed.

According to the Master Herald report, the Samsung Galaxy Note 5 and Samsung Galaxy S7 will be released early in the second half of next year.

Would the new models manage to turn sales around?