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Summary Box: Samsung reveals new Galaxy smartphone

Associated Press Modified: May 3, 2012 at 6:30 pm •  Published: May 3, 2012

COMING SOON: Samsung Electronics Co.'s latest Galaxy phone will go on sale in Europe on May 29 and in the U.S. this summer.

THE FEATURES: The Galaxy S III will have a high-definition touch screen that's nearly twice the size of the iPhone, while being thinner and lighter than Apple's phone.

SIGNIFICANCE: The Galaxy line has emerged as the biggest competitor to the iPhone. Like previous Galaxy phones, the S III will run Google Inc.'s Android software.