Samsung is expected to release its flagship smartphone next month.

The Samsung Galaxy S5 smartphone has been rumored to launch on or around the scheduled Mobile World Congress, set to take place Feb. 24-27. However, Russian blogger Eldur Murtazin predicts that the launch will come mid-March.

The latest specs rumors surrounding the flagship phone is a fingerprint sensor, much like the sensor packed in Apple's iPhone 5S. This prediction comes from KGI analyst Ming-chi Kuo, who reported that "Fingerprint is necessary for a star model."

This analysis contradicts reports that Samsung will be introducing the all new iris scanning sensor to improve its security.

Kuo, who has a good track record for accurately predicting specs for upcoming smartphones, also said the Galaxy S5 is likely to pack a 32-bit Qualcomm or Exynos processor and a 2560x1440 display resolution. Despite rumors of a Galaxy S4 with metal-casing, Kuo predicts that we will not be seeing the metal version this time.

The phone is claimed to feature a 2850 mAh battery and an improved 16MP camera, up from the 13MP camera sensor packed in the Galaxy S4. This battery size is more realistic than the purported 4000mAh battery.

It has been revealed today that Samsung Electronics sold a record breaking 86 million smartphones in the fourth quarter, surpassing sales of Apple iPhones, according to a report by Strategy Analytics.

Juniper research also released data today, which states that one out of three smartphone owners use a Samsung device. Samsung reportedly shipped over 300 million smartphones last year, out of a total of 980 million units shipped.