There have earlier been rumors of Sony’s upcoming flagship Xperia Z3 and the device roll-out is expected pretty soon. Recently few days back, three Sony smartphones with codename Aries, Leo and Pegasus surfaced out on Chinese website Weibo and Digi-Wo. However, not much information regarding the hardware of the device is available for the moment but it is said that Leo could be the Xperia Z3 while Aries would be the xperia Z3 compact. Similarly, the Pegasus would be another variant of the Sony Xperia Z3 that could be limited to Japanese market.
Speculating from last years previous experiences, the Sony Xperia Z3 could arrive at the IFA event in September 2014. It is said that sony will face competiton as other flagships like Galaxy Note 4 are likely to be announced at the same month. However, we would like to take this with a pinch of salt and there is no strong confirmation available for the same.