Samsung (SSNLF) is readying the launch of its most expensive smartphone to date, telling its partners that its Galaxy Note8 will retail for roughly €999 (about $1,119), according to VentureBeat.

The 6.3-inch device, with an 18.5:9 aspect ratio AMOLED display, is slated to debut in the latter part of September.

The Galaxy Note8 will be Samsung's second handset, after the Galaxy C9 Pro, to surpass the 4GB threshold.

It will also be the company's first phone with dual cameras on the back, each boasting a 12-megapixel sensor and independent optical image stabilization for the lens.

What's Hot On TheStreet:

Well OK then, Jeff Immelt: General Electric's (GE - Get Report) outgoing CEO Jeff Immelt had some choice things to say at an event in NYC on Thursday night, TheStreet's Kinsey Grant reports. First, Immelt revealed a possibly fatal management mistake Kroger's (KR - Get Report) CEO might have made about Amazon (AMZN - Get Report) who as we all know, just inked a $13.7 billion deal for organic grocer Whole Foods (WFM) . Immelt then took a jab at Hillary Clinton and Barack Obama for not visiting factories in their push to lift manufacturing wages. Talk about a well-paid boss going down swinging.

Why Sears Canada is dying: Sears Canada (SRSC) has one foot in the grave just like its ailing U.S. friend Sears Holdings Corp. (SHLD) . Unfortunately for Sears Canada, it's that friend across the boarder that has played a large role in its demise, TheStreet's Michelle Lodge reports. Sears has sucked badly needed cash away from Sears Canada through the years, leaving it unable to upgrade stores and do other things to compete effectively in the always challenging Canadian retail market.

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