Samsung Galaxy Note 3-Action Memo

Earlier this month a new rumor surfaced claiming Samsung was developing a cheaper Galaxy Note 3 “Lite” to launch early next year. Now a second report has arrived from ETNews suggesting the alleged device could hit the market as soon February 2014.

The Korean site reiterates earlier claims that the “entry-level” Galaxy Note 3 will come equipped with an LCD display and an 8-megapixel camera—a significant step down from the flagship phablet‘s Super AMOLED screen and 13-megapixel camera. ETNews also claims the new device will offer the same 5.68-inch screen size as the original Note 3, which might explain why it’s being referred to as the “Lite” variant and not the Note 3 Mini.

The Galaxy Note 3 would make Samsung’s first entry-level device in the Note family, potentially cheapening the premium brand. However, a cheaper version of the device could also open up the market to budget-minded consumers. The South Korean company has clearly proven that popularity of phablets, shipping 10 million units in Note 3’s first 60 days, and a “Lite” variant could do even better.