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Samsung, reigning smart phone champ, preps Galaxy S III

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Reuters

(Read caption) JK Shin, president and head of Samsung's mobile division, unveils the Samsung Galaxy S III.

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Yesterday, Samsung took the wraps off the Galaxy S III, a svelte new smartphone equipped with a 4.8-inch HD Super AMOLED screen, a 1.4GHz quad-core Exynos processor, and a June launch date.  

In a hands-on preview posted at Engadget, Mat Smith faulted Samsung for not upping the design quotient – the Galaxy S III looks not so different from other Samsung phones – but praised the display and predicted that the snappy processor which should help the Galaxy S III "spar for top spot among Android devices." So hey, what will the Galaxy S III mean for Samsung? 

Well, here's where things get interesting. According to a recent report from IDC, Samsung currently owns the biggest slice of the global smartphone market, besting even Apple, its closest competitor. In the first quarter of 2012, Samsung sold a whopping 42.2 million smartphones, compared to the 35.1 million sold by Apple. (As one reporter has pointed out, "every second smartphone sold across the world [now comes] from either Samsung or Apple.") 

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