Samsung has launched its Galaxy S III smartphone, which it hopes will help solidify the company as the leading challenger to Apple and its iPhone 4S.

The new handset, with a whopping 4.8-inch screen and an 8-megapixel camera, was unveiled at a slick launch party in London on Thursday, complete with a backing orchestra.

Billed by Samsung as having been “designed for humans,” the phone features voice and eye-recognition technology that the company hopes will set the handset ahead of its rivals in the crowded smartphone market.
» Continue reading “Samsung unveils Galaxy S III smartphone with face, voice recognition”

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South Korea’s Samsung Electronics Co posted a record $5.15 billion quarterly profit and predicted its Galaxy smartphones, which outsell Apple’s iPhone and will be upgraded next week, will bulk up earnings this quarter.

Samsung and Apple have carved out a near duopoly in the high-end smartphone market, as rivals struggle to introduce compelling models that can really compete. The duo controlled 90 percent of the market last year and that is not expected to change much this year or next, according to Bernstein analysts.
» Continue reading “Galaxy phones power Samsung to record $5.15 billion profit”