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(Pocket-lint) - Samsung has released its first quarter financial results, and while it's interesting that the company seems to have ridden the storm of the Note 7 debacle well, with profitability looking good, there's something far more tantalising shoehorned into its future forecasts.

The firm has confirmed that, while the Galaxy S8 and S8+ have been critically well received, a new flagship phone is on the horizon.

"The company will strive to maintain profitability through robust sales of the Galaxy S8 and S8+ and the launch of a new flagship smartphone in the second half," it said in a statement.

Surely that confirms the much-rumoured Samsung Galaxy Note 8. And it is likely to hit the August - September release slot as previous devices in that particular range.

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There are few other details on the Note 8, codenamed "Great", at present. However, it is thought to look similar in design to the excellent S8 and S8+ handsets.

Samsung also confirmed that it will be launching new smartphones in the low to mid-range: "Samsung will also look to sustain profitability in the mid- to low-end segment by launching new products and streamlining the line-up," it added.

"Streamlining" clearly means it will be releasing fewer different phones in those areas, maybe focusing on specific screen sizes.

Writing by Rik Henderson.