An even better LG G3 with a faster processor could be coming next month

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It’s been less than three weeks since LG announced its much-anticipated G3 — it hasn’t even gone on sale in Europe or the U.S. yet — and yet some sources are claiming the South Korean company is already preparing an even better model with a Snapdragon 805 processor and faster download speeds.

The new device will reportedly surface in July — ready to go head-to-hear with Samsung’s upcoming Galaxy F.

The original G3 boasts a Snapdragon 801 chip — the same chip that powers the Galaxy S5, the HTC One M8, the Sony Xperia Z2, and other flagship devices that have been announced this year. It’s by no means a bad chip, then, but Qualcomm is already gearing up to launch a slightly better variant.

That variant, the Snapdragon 805, will power flagship devices released during the second half of this year. It’s thought the chip will appear in the Galaxy F, a much-improved version of the Galaxy S5 that’s likely to offer a Quad HD display and a better form factor — and LG may already have a competitor up its sleeve.

The report, from Korean news site Naver, claims a second G3 with a Snapdragon 805 chipset and an improved Qualcomm modem with support for faster 225 Mbps download speeds will arrive next month.

It’s hard to tell at this point how accurate these claims are. It seems unlikely LG would launch an improved version of its flagship device during the same month that flagship devices goes on sale in several key markets. How many G3 customers will it upset if their device is already outdated just weeks after they bought it?

With that said, it’s probably best to take this rumor with a pinch of salt for now. While Android handset makers famously launch several smartphones every year, it’s rare they come so close together. Not even from Samsung.