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Samsung has announced that its upcoming Samsung Galaxy S5 will match the power of the newly launched iPhone5S.

Apple's iPhone5S carries a 64-bit A7 processor and the South Korean company has decided to give a tough competition to the tech giant and roll out the much awaited Galaxy S5, which will match the iPhone5S in terms of the power.

The revelation was made by Shin Jong Kyun, Samsung's CEO of Mobile during an interview with The Korea Times.

"Not in the shortest time. But yes, our next smartphones will have 64-bit processing functionality," he stated.

Though, the CEO did not refer to Samsung Galaxy S5 directly, but considering there have been so many rumors surrounding the gadget, it is also believed that it will be the successor of Samsung Galaxy S4. With this, Galaxy S5 will be the first phone by the tech giant to adopt the high-speed processor.

Since there has always been a never-ending war between Apple and Samsung, the South Korean company also tried to put the spotlight on the fact that it will now diligently concentrate on Asian markets. These details appear to be in a bid to counter Apple's announcement to improve its distribution factor in China.

"Samsung understands that Apple intends to boost its mobile business in China, as well as in Japan, meaning that we should try harder in these countries," Trusted Reviews quoted Kyun.

Though the launch of the flagship device by Samsung is way ahead in 2014, there have been a lot of online leaks. Samsung Galaxy S5 is rumored to have an aluminum body with a camera of 16 megapixels. The device is also predicted to launch with a flexible display and folding design, reported Value Talk.

The South Korean Company has been leading the smartphone market so far. Recently, Samsung unveiled its much awaited Samsung Galaxy Note III.