According to Apple Insider, the South Korean giant is most likely preparing its flagship device to come in two variants - with both sporting plastic casing and fingerprint sensor technology.

Quoting KGI analyst Ming-Chi Kuo, Apple Insider reports that the Samsung Galaxy S5 will assume two forms, the "Standard" model and the "Prime" model.  Unlike rival Apple's iPhone 5s and 5c though, which debuted with metal casings and plastic casings respectively, S5's supposed Standard and Prime versions will both come in plastic.

Kuo's prediction of the S5 coming in plastic casing for both the Standard and Prime versions, however, has been described as "laughable" by Los Angeles Industry Analyst Paul Mueller. Speaking with the Examiner, Mueller says that the possibility of Samsung releasing both variants in plastic is close to impossible.

"There is no way Samsung will get away with not having a metal backing for their next flagship phone. I haven't heard that there will be two versions, but if there are, you can bet one will be metallic," Mueller told the Examiner.

As for the rumored fingerprint sensor on the S5, Apple Insider's report confirms, hinging on Kuo's remark that the biometrics technology was "necessary" for Samsung's star model.

"Fingerprint is necessary for a star model. Because Apple's iPhone 5S and HTC's One Max have fingerprint, S5 the star model can't lack the function even [if] the solution (area type same as iPhone 5S's provided by Validity) is not as mature as iPhone 5S's," Apple Insider quotes Kuo. 

Other rumored specs and features for Samsung's upcoming flagship device include a 5.2-inch WQHD AMOLED display at 2,560 x 1,440 or 565 pixel-per-inch resolution for the Prime model while the Standard model will most likely sport a same-sized WQHD AMOLED display at 1,920 x 1,080 or 423 pixel-per-inch resolution.

Both variants will reportedly support 3D gesture and most likely be equipped with 16MP rear cameras with phase detection autofocus and 2MP front-facing cameras, says Apple Insider.

Apple Insider adds that the S5 Standard model is predicted to run on Samsung Exynos 5430 (32-bit, Octa-core, 20nm process) while the Prime model might be powered by Qualcomm MSM 8974AC (32-bit, Quad-core, 28nm process) or Samsung Exynos 5422 (32-bit, Octa-core, 28nm process).

The device is also most likely skipping on the buzzed-up eye scanner technology, according to the Examiner. In fact, Mueller regards the iris scanner hype as an absolute joke.

Could Samsung drop the whole iris scanner shenanigan or is the company truly looking into the technology? Share your thoughts below.