Fans of the Samsung Galaxy S4 eagerly await the next installment from the South Korean smartphone giant. The S4 had seen the company's profits soar. Will the S5 continue the trend and take the company to even greater heights? Readers will have to wait till early 2014 to find out for sure.

In the meantime, fans and tech enthusiasts are busy chasing any news and rumours about the new smartphone. Many fans also have a list of requirements that they would like to see in their new smartphone. Here is the roundup of all the rumours and speculation surrounding the S5.

Samsung has been taking a lot of flak for using plastic as the material for its flagship smartphone. Now as some of the other smartphone manufacturers are going plastic, persistent rumours indicate that Samsung can be heading towards aluminium. The new S5 can be very appealing in a sleek and shiny aluminium body.

According to media reports Samsung is mass producing 3 GB RAM, DDR3 chips. It has been speculated that the new S5 will come with a 3 GB RAM

An improvement in the smartphone may be incomplete if there is no improvement in the camera. While the S4 comes with a 13 MP camera the S5 is expected to come with a 16 MP camera.

The S4 comes with a 2,600mAh battery, but the 5 inch screen with all those features consumes a lot of energy. If the features of the S5 are similar or better than the S4 it will need a better battery. Some analysts want to see a 4,000mAh battery, but is that only wishful thinking or easy it feasible to put all the good features and a heavy duty battery into a sleek aluminium body? This may be possible at a higher price but given the cut throat nature of the smartphone market it is unlikely that Samsung will go overboard on the price to accommodate the different features.

Samsung can expect a tuff fight for the market share as more and more inexpensive competitors come up from China. Will the Samsung Galaxy S5 improvements over the S4 be enough to keep the customers from shifting to other brands? The big event in 2014 will answer all such questions.