The Samsung Galaxy S III launched in London last night

While we have already reported on Samsung's contribution to the Olympics, we did not mention the exact and precise details of the arguably flagship smartphone that was launched last night in London. For all the rumours about naming schemes over the past few months, “the next Galaxy” will be be known as the Samsung Galaxy S III. The phone launched last night admist hundreds of rumours and possible leaks – a limelight that is more reserved for Apple's latest iPhone.

While some loony geeks were expecting 2 GB of RAM and a 1080p display, what the Galaxy S III has in store is a much more modest, but still amazing lineup of specifications.

• Exynos 4 Quad 4412 chipset
• Quad core Cortex-A9 CPU
• ARM Mali 400-MP4 GPU
• 4.8 inch HD Super AMOLED (Pentile) 1280×720 display
• 1 GB of RAM
• 16, 32 or 64 GB of internal storage plus a MicroSD slot
• 8 MP rear facing camera with zero shutter lag and a back-illuminated sensor (BIS)
• 1.9 MP front facing camera, also with zero shutter lag and a BIS
• Quad-band 3G frequencies (850, 900, 1900, 2100)
• NFC enabled, with Samsung's S Beam
• S Voice – Samsung's edition of Apple's Siri
• Pop-up Play – the ability to play videos on top of other apps
• 50 GB of complementary Dropbox storage
• A slightly larger 2100 mAh capacity battery
• Measures out to be 136.6 x 70.6 x 8.6 mm
• Weighs 133 grams
• Android 4.0 Ice Cream Sandwich, with Samsung TouchWiz UX

A quick comparison to HTC's One X has the Galaxy S III chalked up for wins in the chipset, storage space and battery size areas. Other areas are on par with the One X, or slightly favour HTC's own flagship device.

The phone which is “inspired by nature” does not have an amazing design and reminds me of not only a Galaxy Nexus refresh but also a 4.8 inch shell of one of Samsung's lower end Android devices. This is one thing I will happily forgive if it feels good in hand, however.

The Galaxy S III will be launching in Europe (including the UK) and other regions on May 29th. A US launch is penciled in for June.

If you want more extensive coverage from a publication that was lucky enough to attend the event; I recommend checking out Android Central's coverage.

KitGuru says: The internal specifications are unmatched by any other phone currently available, but the design appears to be lacking in some ways.

Become a Patron!