LG has announced its next flagship phone, the LG G4, today.

The LG G4 shares a lot of similarities with last year’s G3 as it has a 5.5-inch display with a 2560 x 1440 resolution, roughly the same dimensions, and has its power and volume buttons once again located at the rear of the phone. But the G4 offers a more premium feel to it as it features a leather back available in a variety of colors as well as offering improvements to its display. The G4 features a Quantum IPS panel that has the same color accuracy rating as displays used for color grading films that is 25% brighter, has 50% better contrast, and is 20% more accurate in its display of colors.

Other improvements in the G4 include a Qualcomm Snapdragon 808 processor, 3GB of RAM, 32GB of internal storage, microSD slot, and a 3,000 mAh removable battery. It will run Android 5.1 Lollipop with LG’s custom interface and will include 100GB of free Google Drive space for two years.

The camera has also received a nice bump up as it’s now a 16MP shooter with an improved image stabilizer and brighter f/1.8 lens. It has the same laser autofocus as the G3, but it now features a color spectrum sensor that LG promises will deliver more accurate color and white balance in environments with low lighting conditions. The camera software has also been improved to offer more control over its shutter speed, white balance, ISO, RAW image capture and more.

The LG G4 will launch on all major carriers in late May to early June.