Microsoft is about to release new Lumia smartphones this year.

The Lumia 940 and Lumia 940 XL are expected to be unveiled in New York on Oct. 19, with the former expected to be priced more than $600 and the 940 XL to cost more than $649, International Business Times speculated.

Listed below are the rumored specs and features of the two smartphones, as compiled by The REM. Take note that these are all unconfirmed at the moment and Microsoft is yet to issue an official announcement about their new products.

Lumia 940 Specs

•  Matte White or black polycarbonate body
•  5.2 inch WQHD (1440×2560) OLED display
•  Snapdragon 808, 64-bit Hexa core
•  Iris scanner (infrared) for Windows Hello
•  3GB of RAM
•  32GB of internal storage with a microSD card slot
•  20MP PureView rear camera
•  5MP Wide-angle front facing camera
•  3000 mAh removable battery
•  Qi wireless charging with flip cover
•  USB Type-C

Lumia 940 XL Specs

•  Matte White or black polycarbonate body
•  5.7 inch WQHD (1440×2560) OLED display
•  Snapdragon 810, 64-bit Octa core
•  Iris scanner (infrared) for Windows Hello
•  3GB of RAM
•  32GB of internal storage with a microSD card slot
•  20MP PureView rear camera with triple LED flash
•  1mm silver ring inside the circumference of the black camera pod
•  Aluminum side buttons
•  5MP Wide-angle front facing camera
•  3300 mAh removable battery
•  Qi wireless charging integrated
•  USB Type-C

AT&T will reportedly carry the Lumia 940 and 940 XL and may start selling the devices in the first or second week of November, Nokia Power User reported. T-Mobile is also expected to carry the smartphones, but it may not be as soon as AT&T.

The tech giant is not exactly at the top when it comes to their mobile devices, but the company's introduction of Windows 10 could change all of that.

Microsoft is said to be planning big contributions to the tech industry, The REM wrote. However, the company reportedly suffered major drawbacks, which included a $7 billion worth of loss over the Nokia flop, as well as the termination of 7800 employees.

Now, Microsoft is hoping that the Lumia 940 and Lumia 940 XL will turn things around and attract customers because of its "whole new concept of design" far different than its other smartphones, the news outlet further wrote. The handsets are expected to "change the way traditional market image about Microsoft made phones used to be," The REM added.