South Korea tech company Samsung is set to announce the successor of its phablet - Galaxy Note 3.

A lot of consumers are waiting for the Samsung Galaxy Note 3 that promises great specs and features.

On the other hand, iDigitalTimes reported that the Galaxy Note 3 release date is pegged for Samsung's Q2 (summer 2013) just in time to compete with Apple's next iPhone launch.

Industry analysts predict that Samsung will unveil the highly anticipated Galaxy S4 in April 2013 before announcing the Galaxy Note 3 release date for either late Q2 or early Q3; in layman's terms that probably June or July, which just happens to be around the same time we expect Apple to launch their next iteration of the iPhone.

"The Samsung Galaxy Note 3 release date might be scheduled for late Q2 2013 or early Q3 2013, in an attempt to bite a large chunk of iPhone 5S' market share pie," Android Geeks stated.

The upcoming Samsung Galaxy Note 3 is also rumoured to have a massive 6.3 inch flexible screen display and Samsug's newest eight core processor. Samsung is also speculated to put a generous 70% increase in battery life, and at this time wireless carrier availability and pricing has not been revealed.

Below are the five reasons why Samsung should release the Samsung Galaxy Note 3.

1. Amazing Specs and Features - Some of the great features of the upcoming Samsung Galaxy Note 3 are eight core processor and unbreakable screen display. It is also rumoured that the phablet will include 16MP rear camera and the latest Android OS.

2. Business Owners Prefer Phablet - Business professionals prefer Samsung Galaxy Note handsets because of its hybrid features. Moreover,

3. Portability and Convenience - Despite its massive screen display, the Galaxy Note 3 is more portable and convenient than other 7-inch tablets.

4. Widens Samsung Market - The upcoming Samsung phablet will continue to expand the market of the company, especially, Samsung is targeting the business sector.

5. Retains Samsung's Dominance - The third generation of the Galaxy Note will continue the dominance of Samsung in the tech market.