SAMSUNG GALAXY S III GLOBAL FLAGSHIP PHONE FOR 2012 NOW OFFICIAL!

The next Galaxy S has been announced! Unsurprisingly, the flagship phone will be called the Samsung Galaxy S III in keeping with the traditional brand names of its predecessors.

The rumors on the Android smartphone was generally accurate as the official announcement reveals that it will offer a 1.4GHz quad-core processor with 1GB of RAM, a 4.7-inch HD display, 4G LTE, and an 8-megapixel camera. The Galaxy S III will ship with the Android 4.0 ICS OS combined with a new version of the Samsung TouchWiz UI.

The mysterious hardware of the third generation device has also been revealed. The Galaxy S III will be a sleek and thin smartphone with a body that is just 8.6 millimeters thick. The handset's casing features a glass front with gently rounded edges and a back plate made of coated polycarbonate.

As rumored, the device will be available in two colors. Consumers will be able to choose from version with 16 GB, 32 GB, and 64 GB sizes of internal memory. The Samsung Galaxy S III will support SDXC memory cards, up to 64 GB, which provides plenty of room for media storage.

But the big question is when will the device hit the US market. Well, a version of the Galaxy S III will be available for U.S. LTE networks next month.

Here's a hands-on video of this Android smartphone: