Samsung revealed on Thursday its newest Galaxy smartphone, the metal-framed Galaxy Alpha that closely resembles the iPhone 5, according to the Tech Times.

The Alpha has a 4.7-inch HD Super AMOLED display, an octa-core processor, a 12-megapixel rear camera, a 2.1-megapixel front-facing camera and is just 6.7 mm thin. Samsung said the phone will go on sale at some point in early September.

"The Galaxy Alpha was built and designed based on the specific desires of the consumer market," said JK Shin, CEO and head of IT & Mobile Communication at Samsung. "With an entirely new appearance, the Galaxy Alpha focuses on both beauty and functionality, combining a stunning metal frame and slim, light-weight design with the same powerful hardware and features users expect from a flagship Galaxy mobile device."

The smartphone will be released with 32 GB of internal storage but will not have a microSD slot. The Alpha will come with many features of its older brother, the Galaxy S5, like a fingerprint scanner, heart rate sensor, S Health and Ultra-Power Saving Mode.

When the Alpha first comes out, it will be sold in charcoal black, dazzling white, frosted gold, sleek sliver and scuba blue, all of which are what Samsung calls the colors.

NDTV reported that the phone will start out at a non-contract price of around $689. Apple hasn't announced a price for the iPhone 6, but rumor has it that the cheapest version of a new non-contract iPhone will be more than $100 more than the Alpha.

The early September release date likely was scheduled to come close to the release date of the iPhone 6, which is the Alpha's primary competitor. Apple has set a Sept. 9 reveal date for the iPhone 6 and the retail release of the phone typically comes two or three weeks later, according to news reports.