While Apple's iPhone 7 and Sony's PlayStation 4 Neo separate launches seem imminent, Microsoft is yet to announce if it will unveil its new Surface Phone in the IFA event in Berlin, Germany.

If the tech company will unveil a new Surface Phone in the IFA event between Sept.2 to 7, the actual release date may not still be this year.

The reason is really logical - Microsoft may be waiting for the mass production and delivery commitment of Intel's Kaby Lake, which is still expected to be available later this year. The company plans to use this latest chipset for Surface Book 2 and Surface Pro 5 aside from the newest Surface Phone.

The new Surface Phone is projected to take the place Microsoft's old mobile phone models such as Lumia 950 and 950 XL and will have a 5.7 inch 2K screen AMOLED display and powered by Snapdragon 830 chipset, Intel's Apollo Lake processor or Intel's latest seventh gen chipset, the Kaby Lake processor.

The Surface Phone is also expected to run on Redstone 2 or more popularly known as Windows 10.

The biggest (and most outrageous for some) rumor is that the company will give users the freedom to choose among three options for the new Surface Phone. The options are the low, mid-level and top range models with specifications of 3GB, 6GB and 8B RAM and 32GB, 128GB and 500GB internal storage, respectively.

Good news for all those concerned with the Surface Phone's camera as it will be equipped with a 21 MP rear camera with Carl Zeiss lens and 8 MP front camera with triple LED flash. For quicker data transfers, the latest Surface Phone is also anticipated to have a USB Type-C Port.