Samsung is going to match Apple Inc.'s planned hefty price increases which will make both the Galaxy S8 and iPhone 8 smartphones to retail for more than $1,000, SamMobile reported.

South Korean electronics giant Samsung may unveil its upcoming Galaxy S8 and S8 Edge smartphones as soon as March 29, according to tech writer and reliable leaker Evan Blass.

Blass, who is known for leaking upcoming products under his Twitter handle @evleaks, also leaked the features of the Korean smartphone maker's two new flagship handsets.

Releasing its fourth-quarter performance report on Tuesday, Samsung announced that it's operating profit from the IT & mobile business division jumped 12 per cent to 2.5 trillion won (US$2.1bn), while sales for the business slipped 5.6 per cent to 23.6 trillion won (US $20.3bn).

Findings of Samsung's investigation into what caused some of its Galaxy Note 7 smartphones to catch fire will be disclosed a day before the announcement of its fourth quarter result, the South Korean electronics giant announced on Friday.

Samsung executives and independent experts who conducted the investigation into the Galaxy Note 7 fire incidents will share their findings in a press conference on January 23 in Seoul. It will be available globally through a live-stream.

South Korean electronics giant Samsung's investigation into what caused many Galaxy Note 7s to explode and catch fire has indicated that the battery was the main culprit, according to emerging media reports.

Citing an anonymous person familiar with the matter, several media outlets also reported that Samsung will likely officially announce the results of its investigation on January 23rd, a day before announcing its fourth-quarter results.

Electronics giant Samsung recently released two different adverts showing off its new AMOLED displays, but the real star of the show is a mysterious smartphone that showed up in both adverts. The unique design of the mysterious device prompted many to predict that it might be the Galaxy S8.

Samsung hasn't yet officially announced the Galaxy S8, but the company is widely expected to introduce the eagerly-awaited smartphone sometime in spring this year.