Samsung Galaxy Note 7 Release Date, Specs, Price: Phablet To Be Samsung’s Most Expensive Flagship Ever?

New reports suggest Samsung's much anticipated Galaxy Note 7 is going to be the most expensive flagship ever released by the smartphone maker, all thanks to its high end specs.

According to SamMobile, the Galaxy Note 7 would be released with a price tag of €849 in Europe, a price that converts to around $910. This price is reportedly €50 more than the Galaxy S7 Edge current price.

Samsung is goint to unveil the Galaxy Note 7 at an Unpacked event that will take place at 11:00 a.m. EDT in New York on August 2, 2016. The invitation for the event features the S Pen front and center throughout the header image. It is reported that the handset will go on sale on the same day.

Your next big idea is right around the corner. Tune in to #Unpacked live on August 2. pic.twitter.com/H7gDH73gdR

— Samsung Mobile (@SamsungMobile) July 12, 2016

Koh Dong-jin, the boss of Samsung Mobile, has already confirmed in a statement that the Galaxy Note 7 will offer improved S Pen functions and upgraded software for user convenience, reported PhoneArena.

Explaining the reason behind naming the upcoming handset as Galaxy Note 7 instead of Galaxy Note 6, the smartphone giant noted in a post that the name will complement the company's Galaxy S7 and S7 edge as well as unify their product portfolio.

Furthermore, the name Galaxy Note7 will minimize confusion about the latest mobile technology from Samsung, and provide full alignment with Galaxy S smartphone.

As far as Samsung Galaxy Note 7 specs are concerned, the phablet is expected to feature a 5.7-inch QHD display of 1440x2560 pixel resolution and a Qualcomm Snapdragon 820 processor with Adreno 530 GPU. The device is expected to run Google's new mobile OS dubbed Android 7 Nougat and will be backed by 4GB of RAM and 64GB inbuilt storage slot.

Other Galaxy Note 7 specs include a 13-megapixel rear LED flash camera, a 5-megapixel front facing camera, iris scanner, an advanced S-Pen, an expandable storage, IP68 rating and a USB-C device connectivity. The phablet is expected to be made available in Black Onyx, Silver Titanium, and Blue Coral color variants.

Do you think Samsung Galaxy Note 7 will be worth the price? Let us know in comments below.