Samsung Electronics Co. unveiled its new Galaxy Note 10 and Note 10 Plus smartphones on Wednesday at an event in New York.

The Note 10 will feature a 6.3-inch (16-cm) display while the Note 10 Plus will have a 6.8-inch screen. Both will be equipped with an upgraded S Pen stylus and the capability to convert handwriting to digital text.

The new models will also feature improved camera technology including "Live Focus Video," which can blur out the background while filming, and a "Zoom-In Mic" that can amplify specific audio during video capture. Both will also have 5G capabilities.

"For everyone who demands the best, I am proud to introduce the newest version of the world's most powerful mobile device," DJ Koh, president and CEO of Samsung's IT & mobile communications division, said at the launch.

Samsung, the world's largest smartphone maker, suffered a decline in operating profit in the April-June quarter compared with a year earlier as the U.S.-China trade war slowed global economic growth. The trade policy dispute between Japan and South Korea is also threatening its chips business.

Longer wait times before upgrades and the selection of less expensive options have dented sales of Samsung's flagship devices as well. Nevertheless, Samsung remained at the top for smartphone shipments with a market share of 22.7 percent in the second quarter, according to U.S. market research firm IDC, which noted a 2.3 percent drop in shipments worldwide.

The new Galaxy phones will go on sale on Aug. 23 in the United States and South Korea, but there's no schedule for Japan yet.