Samsung announced during its quarterly earning call this week that it will launch two new smartphones over the next six months.

Samsung, the leading smartphone brand, is going to make its fans happy this year with at least two new smartphones that will be launched within the next six months. Kim Hyun-joon, senior vice president at Samsung, made the announcement during the company's quarterly earnings report this week, which usually attracts analysts and investors.

In what is seen as a big move for the Korean tech giant, the new smartphones will try to improve the company's dwindling sales. Samsung recorded a 20 percent plunge in profits in its most recent quarter compared to the same period last year and revenues dropped 8.9 percent, PCMag reports. According to Wall Street Journal, the profit drop is the first since the third quarter in 2011.

As for the two new smartphones, Samsung said one of it will feature a large screen while the other will be a new model with "new materials and new displays." With the large screen smartphone, Samsung is hinting at a successor to its popular Samsung Galaxy Note 3 but little is known about its other handset.

Media reports point toward Samsung's widely-rumored Galaxy Alpha, which is expected to sport an all-metal casing. But the Galaxy Alpha might not have a new display. Samsung is possibly suggesting a bendable screen for its second high-end smartphone, PCMag report adds.

A separate report from the German website AllAboutSamsung exclusively reported on Thursday that the Galaxy Alpha will be launched August 13, three weeks before IFA. It is widely reported that the Samsung Galaxy Note 4 will debut during the IFA in September, which has been a favorable time for a new launch in the Note series.

Based on the speculations, Galaxy Alpha is expected to carry a 4.8-inch display with 1280x720 pixel resolution and a metal frame. AllAboutSamsung also reported that the rumored handset will feature an Exynos 5433 Octacore processor with 32GB inbuilt memory without a microSD slot. This would be a first for Samsung to exclude expandable memory options in its high-end smartphone.