What new specs and features can we expect to see in the Samsung Galaxy S5? Check out our predictions for the April release of Samsung's latest flagship smartphone. (Photo: YouTube)

The Samsung Galaxy S5 is scheduled to release in March or April 2014, says a recent report, and though the electronics company made no mention of the next iteration of their flagship device (or any smartphone for that matter) at CES 2014, details about the upcoming Galaxy S5 specs and features were revealed in an interview with Bloomberg Monday — including possible eye-scanning technology. According to Samsung's executive vice president, Lee Young Hee, there are 5 updated specs and features Android smartphone fans should expect in the upcoming Samsung S5 device. Here's a quick run-down of what was shared.

#1 - The Samsung Galaxy S5 Will Look And Feel Different

According to Lee, the Galaxy S5 will have a lot of work to do to stand up to the competition this release season. Work the company is ready to do. In assessing the main complaints of customers who bought the Galaxy S4, many stated that the device didn't seem to have changed much from the earlier S3 model.

"When we moved to S4 from S3 ... consumers couldn't really feel much difference between the two products from the physical perspective, so the market reaction wasn't as big," said Lee, leading to lower sales than were expected. In order to answer customer demands, Lee says the company intends to focus more on the look and feel of the Galaxy S5.

 "For the S5, we will go back to the basics. Mostly, it's about the display and the feel of the cover."

Numerous concept designs for the Galaxy S5 have surfaced on the web the last few weeks.During CES2014, Samsung revealed that the redesign of the S5 will be all about changing the look and feel of the device (Photo: YouTube)

So what exactly could this mean for cosmetic design of the S5? While any number of Galaxy S5 concepts are found posted to the web on a regular basis, a couple of themes which are continually thrown out is the possibility of a metal frame for the new Samsung flagship smartphone. In addition, rumors of a flexible screen are often repeated. So how would these two components be put into one device? Very likely by choosing aluminum as the Galaxy S5 case instead of the polycarbonate material that the company has classically chosen for the S5.

In addition, some newly leaked patents from Samsung featured a more square shaped design for the S5. Add to that the curved and flexible display technology Samsung has been testing as of late and we could see a very different kind of S5 upon release. While the size of the screen isn't likely to increase dramatically, it could gain a few fractions of an inch if the display is extended all the way to the edges of the device and somewhat curving off the top. It will be interesting to see how many of these rumors actually come to fruition when the next Samsung Galaxy S model releases.

WATCH: Galaxy S5 Concept Design

#2 - The Samsung Galaxy S5 May Feature Updated Camera Specs

Offering an updated Camera with 16mp specs is one rumor that continues to be repeated concerning the Galaxy S smartphone as we've even seen it show up in benchmarks that are purportedly for the Galaxy S5. At this point though the exact specifications are unknown, an updated camera is very likely in the works. How much better the camera will be than the current Galaxy S4 however, is unknown.

An updated camera with more powerful 16MB specs are expected in the next Samsung Galaxy S5 smartphone (Photo: YouTube)

#3 - The Samsung Galaxy S5 Could Feature Biometric Technology

According to Lee, after Apple's revolutionary iPhone 5S launched, complete with the groundbreaking new security feature - the biometric fingerprint scanner, dubbed Touch ID, the Samsung Galaxy S4 saw a marked decrease in sales. Since biometric technology seems to be something consumers are very interested in for security and convenience, the company's vice president revealed this same kind of technology could be in the works for the S5.

Iris scanning technology are part of rumours for the upcoming Galaxy S5. Samsung has hinted at the biometric technology but whether since the release of the iPhone 5S, but whether or not it will be incorporated is yet unknown (Photo: Wikipedia)

"Many people are fanatical about iris recognition technology... we are studying the possibility but can't really say whether we will have it or not on the S5."

While part of the iPhone 6 rumors also feature a possible use of iris scanning biometric technology, at this point it is unclear is Samsung's next flagship smartphone will feature the eye scanning technology. The GS4 already features an ability to unlock the device with facial features, but many consumers have complained of poor security with the feature. Switching to an iris scanner could boost the appeal for security-minded users. In order to stay up with the competition it seems some form of biometrics may be essential to the success of the Galaxy S5

#4 - The Samsung Galaxy S5 Could Feature 64-Bit Chip Technology

Samsung has hinted at a 64-bit processor which could be a part of the updated specs and features on the Galaxy S5 (Photo: YouTube)

Another competing point the iPhone 5S brought which quickly aged the Samsung Galaxy S4 is the introduction of the world's first 64-bit processor for a smartphone. The powerful iPhone 5S technology makes it run significantly faster than anything else on the market. This leaves the Galaxy S4, with is octa-core processor even coming up short. Rumors have pointed to a 64-bit processor, perhaps of the Exynos 6 or Qualcomm variety for the next Galaxy S model, but at this point nothing has been set in stone.

#5 - The Samsung Galaxy S5 Will Be Paired With An Updated Galaxy Gear Smartwatch

The updated Galaxy Gear smartwatch is expected to launch alongside the next galaxy S5 flagship smartphone in spring 2014 (Photo: Reuters)

One thing Lee made powerfully clear at CES is that with the announcement of the next Galaxy S5 smartphone, consumers can also expect to see an update to the companion wearable technology device recently debuted - the Galaxy Gear smart watch.

"We've been announcing our first flagship model in the first half of each year, around March and April, and we are still targeting for release around that time." To that Lee added, "when we release our S5 device, you can also expect a Gear successor with more advanced functions, and the bulky design will also be improved."

While the Galaxy Gear has gotten off to a bit of a rough start, CES 2014 did reveal some big changes coming to the device, including an updated keyboard which will allow for greater ease in typing instead of having to rely on the poor performing S Voice technology. In addition, Samsung revealed that it was working on ways to integrate data and functionality related to your automobile with the Galaxy Gear. This would give consumers access to information like gas mileage, fluid levels, ability to start the car and adjust the temperature from another location and more. Pairing the updated Galaxy Gear with the launch of the Samsung Galaxy S5 may be one way to help the new wearable technology device to have more success than it did at its initial launch.

What specs and features are on your wish list for the Samsung Galaxy S5? Share them with us in the comments below?