What is the difference between “text” and new String(“text”)?

Question

What is the difference between these two following statements?

String s = "text";

String s = new String("text");

Answer 1

String s = new String("text");

It will create a new string object explicitly. Hence, its compilation is slower than the other.

String s = "text";

It creates a string literal from the string constant pool, if available. It will be stored in Heap Space. For code optimization and better performance, use this one.