The UK release date for Samsung's Galaxy S5 Mini smartphone is Aug. 7, with the Samsung Galaxy Young 2 to be released a week later.

The handset will be available from Samsung Experience Stores, as well as Carphone Warehouse and other selected electronics stores around the UK. The price has been for £389.95 off-contract, which comes to around $658.

The Samsung Galaxy S5 mini is expected to include a 4.5-inch 720 x 1280p HD display, along with a 1.4-GHz processor and 1.5 GB of RAM - specs that are certainly impressive for a midrange device.

Not only that, but it will also include 16 GB of storage, which is expandable by up to 64GB, and an 8-megapixel camera with full 1080p video recording capabilities.

The Samsung Galaxy Young 2, which is a new entry-level device, features a 3.5-inch display, 4 GB of storage, a 1-GHz processor and will be available in the UK the week after the Galaxy S5 mini.

In addition, Samsung actually may announce two high-end devices in the near future.

The first is the Samsung Galaxy Note 4, which is expected to be announced in September and include a 5.7-inch display and a faster processor.

Perhaps the more exciting news is that Samsung is reportedly preparing to release the new Galaxy Alpha, which has been making rounds in the rumor mill for a number of months now.

Also known as the Samsung Galaxy F and the Galaxy S5 Prime, the Galaxy Alpha includes a semi-metal design with an aluminum frame around its body, giving it a premium look. Details about the specifications and pricing of the device have yet to be released, however recent leaks, which may or may not be true, suggest the device will be more midrange than high-end. Rumors also suggest Samsung may unveil the device as early as next week.

News about Samsung's upcoming devices comes just after the company released its earnings for the second quarter. The company came in a little weak compared with other quarters, with its net profit falling for the first time in three years. According to Samsung, this drop is due to increased competition from device makers in China and Europe.

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