To revive its smartphone business, Microsoft is believed to release a Surface-branded handset smartphone line-up in early 2017. Fresh rumors on the Microsoft Surface Phone specs indicate next generation of Snapdragon processor and up to 500GB of internal storage.

New information about the Surface Phone specs has surfaced online. Chinese microblogging site Weibo posts hints at Qualcomm’s upcoming Snapdragon 830 SoC, which is expected to support up to 8GB of RAM. The new-gen Snapdragon processor is rumored to arrive by the end of 2016.

With the Surface Phone, Microsoft is believed to target the business users. To cater to a larger market, moreover, the Surface-branded smartphone is expected to be shipped in three different variants.

The base model of the rumored Surface Phone may include 3GB of RAM paired with 32GB internal storage. There will be a 6GB RAM variant which will come packed with either 128GB or 256GB of inbuilt storage.

Furthermore, there are speculations that the top variant of the Surface Phone specs may also feature 8GB of RAM along with 500GB of native memory. However, Microsoft is yet to confirm the same.

This year, Samsung is also pegged to incorporate 6GB of RAM into the next Galaxy Note 6 phablet, which is said to be renamed as Galaxy Note 7.

The Microsoft Surface Phone is anticipated to sport a 5.5-inch AMOLED display which carries screen resolution of 1440 x 2560 pixels. Running on Windows 10 Mobile, the device will be supported by a stylus, just like S Pen of Samsung Galaxy Note 5.  The best feature of Windows 10 Mobile will also reportedly make its way to the Surface Phone specs sheet.

The Microsoft Surface Phone release date could fall in the first quarter of 2017. Earlier speculations indicated at April 2017 release date.

As far as the price is concerned, the three different variants will be placed at different price points. According to Mobipicker, the premium model of the Surface Phone could come with a price tag of US$1099 (AU$1512).