It's been reported that the Samsung's Galaxy Note 8 will be unveiled on Aug. 23 and will launch in September. 

While this date is unconfirmed, it does line up with rumors that Samsung would push the phone out ahead of the iPhone 8 in order to steal Apple's thunder.

According to the Investor, a Samsung executive did confirm that the Note 8 would be unveiled next month in New York City, but refused to confirm an exact date.

Apple's Loss Is Samsung's Gain

There's no doubt that the iPhone 8 is one of the year's most anticipated smartphones, but there are rumors that Apple's next flagship will be facing delays and shortages. Apple's most loyal fans might be willing to deal with delays and supply issues, but the average consumer will be less patient. Into this void, steps Samsung. The Galaxy S8 has already proven to be a popular device, but the launch-window hype has died down and most are looking to the iPhone 8 as the next big thing.

That's part of the reason Samsung's decision to push ahead with the Note 8 is such a good one. Assuming it can pull off a successful launch, they may very well succeed in stealing Apple's thunder and reducing sales of the iPhone 8 — which some analysts predict will already be lower than expected. While Apple is still one of the world's most profitable companies, it has faced declining revenues in recent quarters and the iPhone is their best-selling product. The company needs a winner and the Note 8's success could jeopardize that.

Samsung Galaxy Note 8

The Samsung Note 8 is the successor to the ill-fated Note 7 and will feature many of the same specs as Galaxy S8. The biggest difference between the Note 8 and the S8 is the fact that the Note 8 is rumored to be a bit larger, featuring a 6.3-inch bezel-less display. The other standout feature of the Note 8 will be the stylus. Samsung hasn't provided much details regarding the Note 8's stylus, but has said its hardware and software has been improved since the launch of the Note 7. More importantly, the Note 8, unlike its predecessor, probably won't explode.

One thing that could hinder the success of the Note 8 is the price point. It is rumored that the Note 8 could cost as much as $1,000. Then again, the iPhone 8 is also rumored to cost about that much, so it is unlikely that either phone will compete on price.