Samsung Galaxy Note 3 may come earlier than expected, according to recent release date rumours.

Tech blog DigiTimes reported that Samsung Galaxy Note 3 release date has been set for July - August time frame, as the South Korea-based company seeks to bite a big chunk of Apple's market share by countering the rumoured iPhone 6 and/or iPhone 5S launch with a powerful high-end smartphone.

It is initially reported that Samsung Galaxy Note 3 is expected to make its debut in the third quarter of this year. Rumours point to possible September release date. There are speculations that Samsung will hold the announcement of the Note 3 on the annual IFA event in Berlin.

However, a new report from Digitimes suggests that Samsung might be planning to launch the Samsung Galaxy Note 3 as soon as July or August, August of course being the same month that Samsung launched last year's Samsung Galaxy Note 2.

The biggest shock for Samsung fans would be the rumour that the phablet would be dropping its rumoured feature of eight-core processing powerhouse Samsung Exynos 5 Octa chipset for the quad core Qualcomm Snapdragon 800 processor.

The rumour is sparked by a report from ZDNet Korea who cited that the smartphone-tablet hybrid will join other devices powered by Qualcomm Snapdragon 800 processor such as LG Optimus G2.

Reports suggest that the next generation Galaxy Note will come with major improvements in not just the display quality that is certainly going to be a full HD display, processor is also going to improve and so the camera. It is also expected to get many of the new features that came with Samsung's latest flagship handset Galaxy S4.

Reports also suggest that the S-Pen is going to get another facelift with the launch of the new Galaxy Note that is being dubbed as Galaxy note 3.

Samsung Galaxy Note 3 is rumoured to receive a major overhaul and will feature amazing specs such as a metal chassis for body, eight core processor paired with 3GB of RAM, 13 MP camera with dual functionality, and massive screen display.

However, the spokesperson of the South Korea tech company said that Samsung does not comment on the rumours surrounding its devices.