Gadget geeks who are looking forward to a LG G4 announcement at the Mobile World Congress will be disappointed because an executive has confirmed there will be no G4 in this year's event.

"We rolled out the G3 in May last year so we do not plan to unveil the G4 at this year's Mobile World Congress and spend more time perfecting the new phone," the executive was quoted saying.

But that's not entirely bad news because it hints that the LG G4 is indeed coming to the market. It's just going to be a little delayed. And that's alright because the more time the company has means the better product it will be able to produce.

One of the things being talked about is the inclusion of a stylus pen. If reports turn out to be true, this would make LG G4 a competitor of the Samsung Galaxy Note 4. This is based on the recent trademark registrations LG made, which include the G Scrawl and the updated G Pen.

The G3 came with a stylus pen but its reception wasn't that good probably because the G3 doesn't have a large screen. If LG is developing a stylus pen, then it could mean the G4 will have a larger screen.

However, further reports suggest that the company is making a smaller screen for the LG G4. The new phone may have a 5.3-inch Quad HD screen. If this is the case, then the stylus pen being developed could be offered as an accessory instead of being sold as part of a bundle.

The phone's other specs include a 4GB of RAM, Snapdragon 810 processor,3500mAh battery, 20.7-megapixel camera and 32GB or 64GB memory with the option to expand storage with a microSD slot.

One other notable possible feature is the inclusion of a fingerprint scanner as well as a retina scanner.