Microsoft is rumored to announced the release date for the highly-anticipated Lumia 950 and 950 XL phones in October during an upcoming press conference. 

Although a specific date for the speculated announcement has not been put forth, the two mobile devices are expected to be released simultaneously ahead of the 2015 holiday season. The phone launches are also expected to divert market attention away from rival company Apple releasing new devices, such as the iPhone 7. 

New reports are suggesting that the Microsoft's Lumia 950 XL smartphone will be the company's first flagship phone that supports a Windows 10 upgrade. 

The new operating system, which was released just a week ago, is said to be included as part of the device's specs. Although Microsoft officials have yet to confirm the feature, most analysts believe it will be included. 

The Lumia 950 XL has made headlines in recent weeks, especially after Windows Central released render images of the new mobile device, dubbed the "Cityman," via its website. See photos of the renders here. 

Hardware and software specs for the Lumia 950 XL have also been released, revealing highly-speculated features for Microsoft's new device. Although "Cityman" specs are similar to its "Talkman" counterpart, known simply as the Lumia 950, they do include unique features that aren't available on the other version. 

The Lumia 950XL includes a polycarbonate body that is available in matte white or black. It also includes a 5.7 inch (1440 x 2560) WQHD display and an infrared iris scanner compatible with Windows Hello. 

Hardware also includes aluminum side buttons and a 3300 mAh removable battery. 

In regards to software, the "Cityman" phone will include a Snapdragon 810 processor, 3GB of RAM, 32GB of internal storage and Qi wireless charging. 

Both the Lumia 950 and the Lumia 950 XL have been referred to as the 940 and 940 XL due to Microsoft's model sequence. However, it seems developers have decided to skip a model number and have instead opted for their current names.