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 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.