Korean technology giant Samsung has reported earlier this year that their profits have been decreasing for the past two years.

Still, the electronics company has been pushing forward with new developments such as the Samsung Galaxy S6 Edge and the Galaxy Note 5, among its latest releases.

Now, the latest product development that Samsung has in the works is a little bit controversial: a flip phone.

According to Geek Snack, while Samsung fans are anticipating the release of the Samsung Galaxy S7 and the Samsung Galaxy S7 Edge, the company is actually looking back at the technological timeline by bringing flip phones back in style.

The report cites that the leak came from the website, Sam Mobile which detailed a few specifications of the upcoming phone. According to the website, the Samsung flip phone which is called the SM-W2016 will somehow be a “clamshell version of the Galaxy S6.”

Techno Buffalo also relays other specs of the rumored device. According to the report, the flip phone series will feature a 1280 x 768 pixel resolution on both screens.

The device is also set to handle a 5-megapixel front camera, 3GB of RAM, 64GB of storage and will be running on a 64-bit octa-core Exynos 7420 processor, Techno Buffalo adds. To top its promising functions, the Samsung flip phone series will also run in Android 5.1.1 Lollipop.

In terms of how this flip phone series performs in the market, Independent suggests that potential buyers of the device might be fairly niche. However, it also points out that if the new product will satisfy nostalgia of users, it may become a success.

At this point, there are no details available to give context as to why Samsung decided to bring back the flip phone design.

People could only speculate that the company may be going bankrupt, but there is no data available to serve as proof to this.

Furthermore, even if the Galaxy S6 and Note 5 is being overshadowed by devices from Samsung’s biggest competitor, it can be said that the company still has a strong fan base with its products.

The Samsung flip phone series is rumored for release in 2016.