There are a lot of subtle design changes that make it a business-friendly alternative to the South Korean company's flagship handset at a slightly more expensive price.
Both are likely to remain the best phones in their class for the rest of 2016, with great cameras, processors and designs, but we're here to help you decide between the two.
Samsung Galaxy Note 7 vs S7 Edge: design
Curves are in. The Samsung Galaxy Note 7 takes cues from the Galaxy S7 Edge with a curved screen on the left and right sides, and they're among the most stylish phones in 2016.
Sure, the glass-and-metal-fused design makes them delicate, but that's the price of smartphone beauty. The Note 7 has the added advantage of working with a stylus for notes and sketches. We also like its less pronounced curve, reducing false touches.
The Note 7 dimensions are bigger (153.5 x 73.9 x 7.9mm) than the S7 Edge (150.9 x 72.6 x 7.7mm), yet its back of the new Note is curved and still easily palmable. Both still require two hands to operate with any sort of efficiency.
Samsung Galaxy Note 7 vs S7 Edge: display
Samsung packs a lot of bright pixels into both the Note 7 and S7 Edge thanks to a Quad HD 2,560 x 1,440 resolution, and they're memorizing to look at – even in sunlight.
They're the best-looking screens among smartphones. This Super AMOLED display duo never sleeps, either, thanks to always-on displays that show the time and date.
Exclusive to the Galaxy Note 7 is Mobile HDR, which shows brighter colors and a deeper black, according to Samsung. But more HDR content needs to come to this small cinema screen. The Note 7 also allows for easy off-screen memos; no need to open an app to jot something down.
Samsung Galaxy Note 7 vs Note 5: specs and performance
Samsung makes the fastest Android phones you can get right now, with performance that goes unrivaled thanks to the company's own 64-bit Exynos chipset – in some parts of the world.
In the UK, this means The Note 7 has an Exynos 8890 octacore processor, while the US uses Qualcomm's Snapdragon 820 quad-core chip. You'll find the 820 in the LG G5, HTC 10, Moto Z and ZTE Axon 7, too.
While we've found Samsung's own chip is faster, the processor you get is really dependant on where you live in the world, and both are snappy and supported by 4GB of RAM.
Samsung Galaxy Note 7 vs S7 Edge: Android and apps
You're going to find the latest version of Android on the Samsung Galaxy Note 7 and be able to upgrade to the same exact Android Marshmallow update on the S7 Edge.
At least, both phone will support Google's latest operating system until Android Nougat launches on new Nexus phones in a few weeks. Then you'll have to wait for the next version.
No matter. You're mostly dealing with Samsung's TouchWiz operating system overlay here, and you shouldn't be frightened of that any longer. Unlike the Galaxy S5 and Note 4 and before, it's much cleaner and runs smoothly.
There are a lot of junk apps made by Samsung and carriers you'll never use, but both phones do support Samsung Pay, which is more widely accepted than the NFC-only Android Pay app.
Samsung Galaxy Note 7 vs S7 Edge: camera
Side-by-side, you're not going to notice any differences between the Samsung Galaxy Note 7 and Galaxy S7 Edge cameras. They're exactly the same.
In either case, you're getting Samsung's top-performing 12MP sensor with an f/1.7 aperture on back. It's loaded with OIS and dual-pixel technology for faster autofocus in low light conditions.
On the front, each phone has a 5MP camera for selfies with the same f/1.7 aperture. There are a ton of modes for both front and back cameras, including software-stitched wide selfies.
The one new feature we like about the Note 7 camera app is the selfie flip function. Swiping up or down on the screen now flips the camera from front to back. It's much easier than trying to hunt and tap for the normal camera flip button.
Samsung Galaxy Note 7 vs S7 Edge: storage
The Samsung Galaxy S7 Edge has 32GB of internal storage, twice as much as the entry-level 16GB iPhone 6S and iPhone 6S Plus. Well, the Note 7 has 64GB, four time as much as Apple.
You won't find multiple configurations for more money, though. Instead, both offer enough space to load up on your favorite apps and can be expanded via expandable storage.
There's a microSD card slot tucked into the nano SIM card tray to hold all of your photos, movies and music, just in case you run out of space or want to easily transfer content.
Samsung Galaxy Note 7 vs S7 Edge: biometric sensors
Samsung's takes security seriously with its enterprise-level Knox platform, and it also locks up your smartphone nice and tight with a fingerprint sensor home button.
While its oval-shaped fingerprint sensor is fast and accurate, the company decided to add a second another to the Note 7: an iris scanner. Your eyes can unlock your phone, even when you hop out of the shower or pool. Pruny hands are no longer a problem.
The new iris scanner can also secure certain folders and photos that you consider top secret. If it's a big hit, expect this extra security method to come to the Samsung Galaxy S8 next year.
Samsung Galaxy Note 7 vs S7 Edge: release date and price
The Samsung Galaxy S7 Edge is here and now, while the Note 7 isn't too far off. It goes on sale on August 3 and is delivered to your doorstep on August 19 in the US.
It's going to be a little more expensive to upgrade to this S-Pen-focused smartphone , so even if you dig its new features, you'll have to consider how much extra it'll cost.
The S7 Edge costs $299 in the US on a two-year contract, or about $33 a month through carrier imposed monthly device payments. It's SIM-free unlocked price is now $769. In the UK it costs £640 and in Australia it's AU$1,249.
The Note 7 price hasn't been unveiled yet. It'll likely fetch a higher price considering it – literally – stretches the screen size to 5.7-inches and includes an S-Pen.
Samsung Galaxy Note 7 vs S7 Edge: verdict
There's very little reason to pass up the Samsung Galaxy Note 7 or S7 Edge. They have the beta cameras, top-of-the-line specs and brilliant displays that few phones match.
The choice between the two comes down to two factors: how bigger are your hands and how big is your wallet. The Note 7 is a bit larger in either case. As more pricing details released about the Note 7, we'll update this comparison to see if Samsung can justify the cost.