It's almost guaranteed that Samsung will unveil the Galaxy Note 7 on August 2nd as the direct successor to the Galaxy Note 5. Rumors and leaks about the Note 7 have been rampant all year long including the "Note 6" name skip to avoid confusion amongst customers and to standardize its product range. The Unpacked event will start at 11:00 EDT in New York with concurrent Unpacked events at 17:00 in Rio de Janerio and London. The events will also be broadcast live over the Internet.
Working units of the Galaxy Note 7 are supposedly already on the hands of bloggers and press. Based on these images and sources, The Note 7 may have a level of water resistance similar to the Galaxy S7 series. Other core features as leaked by @evLeaks include a 5.7-inch QHD display, Snapdragon 820/821 SoC, 4 to 6 GB RAM, up to 256 GB UFS eMMC, and an Exynos 8893 SoC depending on region. There is another possibility that the smartphone could be one of the first to include both fast UFS storage and a MicroSD slot.