Proving all negative reviews wrong, Samsung's 'Phablet' is doing good business and following the success of the device, The Korean smartphone maker is reportedly prepping a next version of Galaxy Note.

A latest report from MK Business News claims the Galaxy Note 2 (popularly called) is coming this October to give direct competition to Apple's next generation iPhone and the phone will feature a thin and flexible unbreakable plane display (UBP), according to the source of the news.

Moreover, rejecting the earlier reports of dual-core processor, the latest MK Business News source claims the phone will feature the trendy and powerful quad-core processor to let user enjoy multitasking, a 12 megapixel camera, sturdier build to improve shock-resistance and offer improved battery life. According to the news, the sequel model will use Android's Jelly Bean operating system instead of the current Ice Cream Sandwich (ICS) OS.

The next Note smartphone reportedly will be a bit larger (5.5-inch) than its predecessor which is 5.3-inch tall. The Galaxy Note 2 will also flaunt Super AMOLED variety and will have an even higher WSXGA+ resolution (1680 x 1050 pixels). 4G connectivity will be a standard and is believed to arrive for all international units.

Some earlier reports indicated that the next generation Galaxy Note 2 smartphone will lend some features like S Beam, S Voice, NFC and SmartStay from the Galaxy S3.

While Apple's launch of next generation iPhone is still a rumor, the Korean electronics giant seems not to keep any stone unturned to vie against the Cupertino-based company's next generation iPhone. First it extended its flagship Galaxy S smartphone family with the launch of Galaxy S3 and now the news of Note 2's release is generating loads of enthusiasm among the smartphone lovers.