Chinese phone maker Huawei is allegedly planning to launch a new high-end Android Smartphone. According to industry sources, the company will introduce the next iteration of the Huawei Honor series, dubbed appropriately as the Huawei Honor 3 this time.

　　Rumored specifications include a 4.7-inch HD (1280 x 720) display, a 1.5 GHz quad-core K3V2E SoC based on the ARM Cortex A9 CPU architecture, 2 GB of RAM, 8 GB of internal storage with a micro SD card slot, 13 megapixel rear facing and 1 megapixel front facing cameras, a large 2,230 mAh battery and Android 4.2.2 Jelly Bean out of the box.

　　The report says that Huawei will introduce the new phone on August 28th.