String storage
As mentioned, there are two ways to construct a string: implicit construction by assigning a string literal or explicitly creating a String object via the new operator and constructor. For example,
String s1 = "Hello"; // String literal
String s2 = "Hello"; // String literal
String s3 = s1; // same reference
String s4 = new String("Hello"); // String object
String s5 = new String("Hello"); // String object
Java has provided a special mechanism for keeping the String literals - in a so-called string common pool. If two string literals have the same contents, they will share the same storage inside the common pool. This approach is adopted to conserve storage for frequently-used strings. On the other hand, String objects created via the new operator and constructor are kept in the heap. Each String object in the heap has its own storage just like any other object. There is no sharing of storage in heap even if two String objects have the same contents.