Last night's Galaxy S IV launch event was a major success, and this morning everyone is talking about the new Galaxy as Samsung had hoped. Just hours after the event ended, the Korean electronics giant was already announcing that they will release another high-end flagship smartphone later this year.

In an interview with Bloomberg, Lee Young Hee, Samsung's EVP of Mobile, said that the company will release another high-end flagship smartphone in Q3 of this year. Dubbed Tizen, the phone will not be running Android, but "will have thousands of apps upon launch".

"The Tizen phone will be out in August or September, and this will be in the high-end category," Lee told Bloomberg. "The device will be the best product equipped with the best specifications." Tizen is an Android OS alternative that is being developed by 12 companies including Intel, Sprint and Samsung.