Samsung is eyeing to take on the smartphone market with a new radical smartphone. The company is vying to replace Apple's hold on the saturated tech market with the Galaxy X.

The South Korean tech giant is now close to releasing the world's first foldable phone. First dubbed as Project Valley, Galaxy X could be unveiled as early as autumn this year. Several rumors have surfaced that the new phone may show up at the IFA technology show in Berlin.

Leaks of Galaxy X's design show a device that could fold into a tablet or a smaller wallet-shaped unit. According to PC Advisor, rumors state that the 5-inch phone folds out into a 7-inch tablet.

It is still up in the air if Samsung decides to release two variants of the upcoming foldable phone. The preliminary 8-inch design and the final 7-inch tablet can both launch at IFA 2017.

In the same article from PC Advisor, the Galaxy X is rumored to have a 4K (3840x2160 pixels) resolution. The phone will also feature rear and front facing cameras and a non-removable battery. It will likely have a Qualcomm Snapdragon 835 processor and a microSD card slot. Samsung is reportedly going to ship out 100,000 units of the device.

A source close to the company has told Korea Herald that the device's release date has not been decided yet. Several rumors point out that the device could be released in the 4th quarter of 2017.

A working model is set to show the phone's features in the 3rd quarter of this. It could either be in the IFA Technology show in Berlin or a separate event dedicated for the Galaxy X.

Samsung's new device could set trends similar to the iPhone's success in 2007. After a disastrous 2016 that involved an exploding Note 7 battery, the company aims to make a comeback. The Galaxy X could set a new smartphone trend that could finally put the company on top.