The latest rumor related to the announcement of the latest Galaxy S series smartphone in New York on March 14th is that that there will be a last minute change in the device's application processor and display.

Korea IT News reported today that Samsung's new flaghip Galaxy smartphone will not feature an AMOLED display and will not be powered by Samsung's Exynos 5 Octa chip.

Qualcomm's Snapdragon 600 Series application processor is said to replace Exynos 5 Octa, as Samsung's chip is not as power efficient as Qualcomm's and it would consume valuable power resources needed for the phone's LTE connectivity needs.

The rumor also goes on to the display for the new model. A 4.99-inch full HD LCD panel is said to replace the AMOLED panel the handset maker used from 2010 with Galaxy S to its latest model Galaxy S3. The resaon behind the decision is the low yield reported for the 4.99 full HD AMOLED panel, at least using the current production method.

Samsung has not commented on the report.

In any case, moving to a chip made by another vendor for its upcoming flagship smartphone could hurt Samsung's prestige and would not help the company promote the expansion of Exynos 5 Octa, which was presented at CES as a very capable and power efficient mobile and tablet solution.

Samsung has said that its latest application processor offers maximum performance and up to 70 percent higher energy efficiency compared to the previous quad-core Exynos chips.

Regarding the AMOLED display, Samsung Display has been the market leader in the field, at least for small displays. For larger displays used in TV sets, the company will most probably use rival's LG technology in order to maintain high production yields. Moving back to LCD displays for the Galaxy S IV would be a setback, as the Galaxy S3 has impresseed consumers worldwide mainly due to its AMOLED display.