Samsung to announce Galaxy S IV on March 14

Samsung invites the press to an event on March 14, 2013 in New York City. / Samsung

Samsung sent an invitation to the press on Monday for an event on March 14 in New York City. The Electronics giant is expected to announce its next-generation smartphone.

The invitation itself has few details, but according to CNET, a high-level Samsung executive has confirmed that the company will debut the Samsung Galaxy S IV at an event called "Samsung Unpacked."

Not much is known about Samsung's new smartphone, but rumors suggest the Galaxy S IV will have a 4.99-inch display with 1080p resolution, 2 gigabytes of RAM, 13-megapixel rear camera, 2-megapixel front-facing camera and Google's mobile operating system Android 4.2.2 -- also known as Jelly Bean.

Samsung launched the original Galaxy S in March 2010. The smartphone is widely considered to be one of Apple iPhone's biggest competitors. The most recent iteration of the mobile phone, the Galaxy S III, was released in May 2012.

In January, Samsung reported that over 100 million Galaxy S smartphones have sold worldwide.