Samsung will unveil the Galaxy S5 smartphone at an event later this month, reports The New York Times. The unveiling will reportedly come during Samsung's Unpacked event on February 24th, which is being held at the Mobile World Congress trade show in Barcelona. Samsung sent out invitations to the event earlier this week, hinting on the logo that a successor to its flagship smartphone may be the star of the show.

Expect a more low-key event

Despite rumors that the Galaxy S5 could include an iris scanner or a quad-HD display, the Times reports that neither will find their way into this next Galaxy smartphone. Instead, Samsung is expected to include more modest changes, including a better camera, a better processor, and some alterations to its design. The device is reportedly expected to include a new version of Samsung's Knox security software as well, as the company hopes to begin appealing more to business users.

Like the changes to its smartphone, the Times reports that Samsung's event will be a bit more subtle this year too. To announce the Galaxy S4 last year, Samsung put together a Broadway-style production that was received as both strange and sexist. For this launch, Samsung reportedly intends to keep a more businesslike tone — something befitting the event's trade-show setting.

Other new products will reportedly be announced at Unpacked as well. In particular, the Times reiterates rumors that a new version of the Galaxy Gear smartwatch may be among them. There are no big details on what changes it might see, but it'll be just under three weeks until we find out.