The Galaxy Round features a 13MP camera—just like the Galaxy S4 and Note 3. This is the view from the top of the phone, showing the curved design.

After months of teasing and speculation, Samsung has finally announced its curved smartphone. The Galaxy Round is a 5.7-inch device with a curved 1080p, AMOLED display. Like its Galaxy S4 and Note 3 predecessors, the Galaxy Round features a 13-megapixel camera.

Aside from resembling a banana or potato chip, the Galaxy Round's unique shape allows for a different user experience. According to Samsung, the device is more comfortable to hold than flat phones and users can take advantage of some features unique to the curved device.

From Samsung's official blog:

As a result of its unique curved design, users can take advantage of round integration experiences like the Roll Effect that enables the user to check information such as the date, time, missed calls and battery easily when home screen is off, and the Gravity Effect for creating visual interaction with the screen by tilting the device. For music, the Bounce UX enables users to control their music. When the GALAXY ROUND’s display is off while the music player is running, a short press to the left of the device will play the previous track while a short press to the right will play the next track. For pictures and videos, the Side Mirror feature enables users to gain access to list of the album content with a left and right tilt. 

The large screen size of the GALAXY ROUND provides additional benefits to users. Useful One-Hand Operation features bring a user’s most desired controls closer to a preferred side of the screen. The device enables enhanced multitasking capabilities that allow users to fully utilize the larger screen through Multi Window, a feature that enables users to open more than one application on the screen, run simultaneous multiple instances of the same application or to easily share content between applications.

The Galaxy Round is currently only available in Korea in a "luxury brown" color for 1.09 million won (about $1,013 USD). No word yet on whether the phone will be available internationally.