With the iPhone 6 rumors swirling and the Google Nexus 5 being launched yesterday, Samsung has entered the discussion with their Galaxy S5. Here is the latest news and rumors on the smartphone.

The Galaxy S5 is still a few months away from being released, but some new features are already known, according to Gotta Be Mobile.

The smartphone will contain a new processor. The big rumor going around is that this processor will be part of the new Exynos 6 chipset (64-bit).

Using 64-bit support, this would give the smartphone an enormous capacity of memory. The potential of having a processor this advanced, would be especially important for users that love to surf the web and play games on their phone. The processor would also help maintain battery life.

Android 4.4 (KitKat), the latest Android update will likely be used. Scrolling through menus and launching apps will go super fast. Users will be able to take numerous photos in a speedy interval.

Reports suggest that we will see a new camera that comes with Samsung's newest technology, ISOCELL. Without increasing the size of the camera, ISOCELL technology shrinks pixels to improve image quality.

Like the new Google smartphone, the Nexus 5 will most likely have OIS (Optical Image Stabilization). This feature reduces blur and allows the user to capture the clearest image possible.

The display and design of the S5 is still a mystery. The current smartphone already possesses high pixel-per-inch count and has 1080p resolution. The big rumor is that the new smartphone will have flexible displays.

Keep checking back here for the latest news and rumors on the Samsung Galaxy S5.

Tags: Samsung Galaxy s5 Rumors