What new phones is coming out?

Two new Samsung phones, but should you upgrade?

New York — Samsung has unveiled two new Android smartphones with jumbo screens as it seeks to recapture some of the sales lost to Apple after larger iPhones came out last year.

Samsung said Thursday that the new Galaxy Note 5 and S6 Edge Plus will start shipping Aug. 21 in the U.S. and Canada. Usually, Note phones don't come out until well after Apple's new iPhone models in September.

The timing reflects a shift in fortunes for a company that pioneered jumbo phones with the original Note in 2011. Now, Samsung needs to beat Apple to the punch, or risk seeing its products drowned out by all the attention on the iPhone, IDC analyst Ramon Llamas said.

The new phones from Samsung have screens measuring 5.7 inches diagonally, the same as last year's Note 4, yet both are lighter and thinner. They are comparable to Apple's 5.5-inch iPhone 6 Plus, the larger of the two new iPhones. Samsung's Galaxy S6 and S6 Edge phones, which are closer in size to the regular iPhone 6, came out in April.

The Note 5 will cost $696 to $740 without a contract, depending on the carrier. The Edge Plus will cost about $75 more. The iPhone 6 Plus sells for about $750. T-Mobile is throwing in a year of Netflix with both phones, while Sprint is giving away a low-end Samsung tablet with a two-year contract. Advance orders begin in the U.S. on Thursday.

Samsung Electronics Co. also said its Samsung Pay mobile payment service will debut in its home country of South Korea on Aug. 20. Testing in the U.S. will begin Aug. 25, with a formal launch on Sept. 28.

Although there's competition from Apple Pay and Google's upcoming Android Pay, Samsung is hoping its payments system will catch on with the inclusion of a technology that mimics the old-school, magnetic signals from credit-card swipes. That allows it to work with a wider range of merchants, though it still won't work everywhere cards are accepted.

Samsung also teased an upcoming smartwatch, the Gear S2. It will have a round face, rather than the rectangular design in Apple Watch and previous Samsung watches. A video from Samsung suggests snazzy graphics to rival Apple Watch. More details will come at the IFA tech show in Berlin next month.

As for the phones, Samsung is looking to play to its strengths.

GALAXY NOTE 5

Though it appeals to a niche audience, the Note is popular for including a stylus to take notes and annotate images on the screen. The update provides quicker access to apps and features that use the stylus. A clicking mechanism makes the stylus easier to pull out.

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