Last year Samsung debuted an eight-core version of the Galaxy S5, and now the company has released a dedicated octocore smartphone: the Galaxy A7, reports TechCrunch.

The Korean firm showcased the Galaxy A7 last week at the Galaxy A launch in Malaysia, according to a report. The smartphone operates with Android KitKat, though it is expected to receive a Lollipop update at some point in the future. It has a dual 1.8GHz and 1.3GHz quad-core processors (the dual-SIM version has 1.5GHz and 1.0GHz) and a 64-bit Qualcomm Snapdragon chip. The smartphone also comes with 16GB of memory, 2GB of RAM and an impressive 2,600mAh battery.

The 5.5-inch screen is larger than the Galaxy A3 and Galaxy A5, which were announced the end of last year, but sports the same slim, metallic body. The A7 is also slimmer than the A5 and A3, measuring 6.3mm deep and half a centimeter thinner than Apple's iPhone 6. It weighs in at 141g with dimensions of 151mm long and 76.2 mm wide.

The Galaxy A7 will be available in black, white, and gold.

The newest Samsung smartphone is aimed at camera phone fans. The 13-megapixel rear-facing camera and a 5-megapixel front-facing camera is supported by software that the company claims can take a "wide" selfie. Enthusiasts can snap an "auto selfie" using "a voice command or even a simple wave of the hand."

Samsung has included "Always Clear Voice Auto Control," which reduces background noise during calls. Other notable features include a private mode that provides extra security for important files and multiple screen apps support.

In preparation for the first profit decreased in three years, Samsung is offering smartphones with a more sophisticated design and lower retail price than its Galaxy S and Note in hopes of beefing up profits.

Samsung has not announced a launch date, markets or pricing for the Galaxy A7, but it will be priced around $420 off contract, according to TechCrunch.