It seems that the device that we will see in the upcoming CES event in January is not the Samsung Galaxy S4 but a cheaper version of the company's phablet Samsung Galaxy Note 2.

Samsung Galaxy Note 2 is one of the popular handsets of the tech giant. However, the phablet is quite expensive. It is reported that Samsung is purportedly working on a cheaper phablet with the same display size as the Samsung Galaxy Note 2. It is likely that this cheaper Samsung phablet will be seen at the CES in January or the MWC in February.

According to the Web site SamMobile, the South Korean mobile manufacturer is planning an entry-level phablet, which will be a variant on the current Samsung Galaxy Note 2. It's claimed that "Samsung wants everyone to try bigger screens."

The rumored cheaper Samsung Galaxy Note 2 will reportedly come with a similar form factor. Thus, expect a 5 or 5.5-inch display but no S Pen stylus. The report also said that Samsung will omit the Samsung Galaxy Note 2's Super AMOLED display, which is known to be quite a pricy component to produce.

The original Samsung Galaxy Note 2 also sported a 1.6GHz quad-core CPU accompanied by 2GB of RAM, which we may not see or will be replaced if these rumors of a cheaper variant proved to be accurate.

Samsung Galaxy Note 2's 8-megapixel rear camera has been around for some time now. There is a chance it could remain intact for any new budget device. A 5-megapixel replacement is another possibility.

This is not the first time that Samsung will make a cheaper version of its popular device. The tech giant released the Samsung Galaxy S3 Mini, which is the downgraded version of the best-selling Samsung Galaxy S3. The Samsung Galaxy S3 Mini also comes with the latest Jelly Bean.

Samsung's phablet made quite a buzz as it boasts some amazing features such as incredibly fast processor, massive screen display, S-Pen and 4G/LTE connectivity. Below are the comparison of the specs and features of the two devices.

The unlocked version of the Galaxy Note 2 costs $899. However, Australian carriers offer affordable plans for the device. At the launch event, Samsung demonstrated some special perks of the device for Aussies. The smartphone will offer a split-screen mode on the smartphone-tablet hybrid, which allows users to open two apps at a time.

Early this week, Samsung Galaxy Note 2 received the official OTA update of the 4.1.2 version of the Jelly Bean OS has started to roll out for the international or unlocked version of the device.

According to SamMobile, the Android 4.1.2 Jelly Bean update for the Galaxy Note 2 is now rolling out in Poland and the Galaxy Note 2 LTE Android 4.1.2 update is rolling out in Sweden. The international Galaxy Note 2 possesses a model number of GT-N7100 while the Galaxy Note 2 LTE features GT-N7105. Both updates are currently limited to these areas though we suspect that more regions will see the update in the near future.

The update brings slight changes and additions to the device as the Notifications in that the panel is now customizable allowing owners to tailor it to their liking.

It also now offers a way to toggle some features on and off through the menu including the device's powerful Multi Window View feature. Users can also disable the brightness slider from within the Notification Menu as well.

The status bar is now black as opposed to gray, the browser is now improved over the last version of the app and Samsung has added Swype-like functionality to the keyboard on the Galaxy Note 2. There also is a new ink effect that is on the lock screen.