LG and Samsung are fierce rivals. Samsung has the Galaxy S III and LG currently has the Optimus 4X HD to compete with it. However, LG might be trying to one-up the Galaxy S III with a new product that's currently being dubbed the "Optimus G," according to a report from Asia Today.

The Optimus G is no slouch, if the specs are to be believed. Reportedly, the device packs a quad-core processor, 2GB of RAM, voice-over-LTE support (VoLTE), Android 4.0 Ice Cream Sandwich (guess that means it won't be LG's Nexus smartphone), a large 4.7-inch display and a 13-megapixel camera. LG is planning to launch the device around the globe, the news outlet said. We haven't seen an LG flagship on a U.S. carrier in quite some time, however, so we wouldn't hold our breath for the Optimus G to land here anytime soon.

We wouldn't be surprised if LG hinted at, or entirely unveiled, the Optimus G during the IFA trade show in Berlin this month. TechnoBuffalo will be on the show floor, cameras and pens at the ready, so stay tuned for any updates.

[via AndroidCentral, Asia Today]