It’s rare to see a new product announcement this late in the year, but Samsung apparently likes to defy convention. This morning, the company unveiled its latest smartphone – the Galaxy Grand.

You would be forgiven if you thought the Galaxy Grand was the Galaxy S III. In fact, there’s very little that sets the two devices apart. In terms of hardware, the Galaxy Grand sports a 5-inch screen while the Galaxy S III featured a 4.8-inch screen. It also has a 1.2 GHz dual-core processor compared to the S III’s 1.4 GHz quad-core processor.

The main difference between the two phones, however, is that the Galaxy Grand will come in two variants – dual SIM and single SIM. The availability of dual SIM makes the phone’s purpose clear – this is an enterprise phone. The dual SIM will be greatly appreciated by travelers and regular users, but the enterprise market is clearly in Samsung’s sights.

In terms of software, the phone comes equipped with Android 4.1.2, and a variety of Samsung software that users of other Samsung mobile devices should be familiar with. It ships with Direct Call, Smart Alert, Popup Video, S Voice and AllShare Play.

You can check out a more detailed look of the new device below:

As for release date, price or availability, Samsung is remaining quiet for now. We can probably expect the phone early next year. In fact, we’ll probably see more of it and others at CES early next year.