Rumors have been going around about Samsung getting ready to add to its Galaxy line up, with the Samsung Galaxy S III. The specs this new smartphone is rumored to sport will make you think twice about getting tied in to a new 2 year contract, until its released.

If you're a big Samsung Galaxy fan, you might already know by now that the Galaxy S II is a very popular smartphone to choose from if you are looking into purchasing an Android based smartphone.

The Galaxy S II is Samsung’s fastest selling smartphone ever. Samsung sold over 3 million Galaxy S II units in just 55 days, from when it was launched. As of October 2012, when combining the Galaxy S and Galaxy S II in sales, Samsung sold over 30 Million Galaxy devices worldwide.

With Samsung doing so well with its Galaxy line of devices, it's no wonder costumers expect a lot more from a new smartphone with “Galaxy” branded on the device, when compared to other smartphones. This will be Samsung’s thinnest LTE flagship device to date. The new Galaxy S III will most likely not disappoint, with a full list of impressive features and still be able to come in at just 7 millimeters thick.

Here is what is going around the rumor mill so far:

• It is almost certain that we will see a Galaxy S III in 2012.
• The much anticipated device will most likely debut at Mobile World Congress (MWC) in February. (See below)
• Its rumored the Samsung Galaxy S III will feature a quad-core Exynos chipset.
• 8-megapixel rear camera
• 2-megapixel front camera
• Android 4.0 Ice Cream Sandwich with TouchWiz
• 2GB of RAM
• Sport a Super AMOLED Plus 720p display.
• 4G LTE connectivity
• Feature glasses free 3D technology, that will integrate the device with 3D television sets.

Mobile World Congress is scheduled to start on February 27 and go on through March 1 of 2012, in Barcelona, Spain.

UPDATE: Many sources have now claimed the Samsung Galaxy S III will not be announced at MWC. Instead, Samsung will have its own event for this super smartphone. The Galaxy S 3 is expected to hit store shelves sometime in May.

Are you going to wait for the Galaxy S III? Do you currently own a Galaxy S or Galaxy S II? Will you be upgrading to the next Galaxy device, to get Android 4.0 Ice Cream Sandwich? Let us know in the comments below.

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