In less than 13 days, Samsung Electronics will unveil Galaxy S3, the successor to Galaxy S2 which is the most talked about smartphone of the year. The hefty launch of the brawny device will happen in London May 3 at the Olympic grounds and the next generation phone is expected to yield outstanding sales by offering power packed features.

Meanwhile, tech analyst are also anticipating that Samsung Galaxy S3 will outshine the revenues records of many big phone manufacturers currently prevailing in the Android ocean. At the same time, the killer device is also being assumed to dent the market share of the current market dominator Apple. The Cupertino-based company is also in rumors to unleash its sixth generation mobile phone - iPhone 5 sometime around third quarter of 2012 which is expected to adopt mantrap features to slash against its rivals.

However, according to a newest report by Forbes, ACI Research analyst Edward Zabitsky have come up with an in-depth analysis which has revealed in a research note that Samsung has sold more than 40 million phones this quarter, and has seized the crown of the global smartphone tycoon for the calendar Q1 2012. For Apple, March quarter sales analysis is predicted to be around 32-33 million iPhones.

Further, the analyst has also put forward in the report that Samsung will continue to strengthen its position in the category's market y unveiling S3 in the first week of next month and will definitely knock out the smartphone champion, Apple in the competition.

In the Forbes report, Zabitsky has further mentioned that in the future, Samsung would be the most formidable rival to Apple's devices. As after observing the present market situation, HTC revenues are in a tentative position in the recent quarter and talking about Nokia, LG and RIM, these mobile manufacturers are still in a process of maintaining a strong grip in the consumer driven Smartphone market.

Further, Apple's wildly popular iPhone 4S retained its position atop the smartphone ranks in the United States last month, according to new data analyst data. Research performed by Canaccord Genuity analyst Mike Walkley and his team found that Apple's latest iPhone was the best-selling smartphone at Verizon Wireless, AT&T and Sprint in March, continuing a trend that began when the device first launched last October.

But at the same time, reports also indicated that with iPhone 4S topping the smartphone sale in the US market, Samsung gained share as smartphone penetration developed in US prepaid. Samsung's Galaxy S II smartphone was ranked No.2 at AT&T and Sprint once again, but the device was rated the best-selling smartphone at T-Mobile.

Walkley also raised his estimates for Samsung that the company would be selling 41 million smartphone units this quarter, better than Apple's 32.6 million and Nokia's 12.5 million, giving Samsung the top slot in smartphone sales of 1454 million in total.

As the year advances for next quarter, the historic smartphones - Galaxy S3 and iPhone 5 - are awaited to land on the retail shelves around the same time with path-breaking features and it might be that the analyst report has a point. However, the stock market will still have to wait for the launch of the heavyweights by Samsung and Apple and watch the consumer's response to witness the twists in the tale.

Let's take a look at the freshest rumored updates circulating in the mobile space about both the hard hitting phones. Do give your say on what you think about Samsung going to be the king of smartphone arena in the near future beating Apple's long sustained market dominance.

Samsung Galaxy S3 Features - What to Expect?

The newest rumor updates by a Gizmodo Brazil Source on the Galaxy S3 suggests that the phone will come with a 12MP camera. The speculation is very much relating to the previous reports that suggested that the S3 would come with an 8-12 megapixel main camera with LED and Xenon flash.

Further, a report from the Korea Times was recently cited which noted that an anonymous Samsung executive has informed that the company is preparing a quad-core system-on-chip to power the successor, which, importantly, will have Samsung's own LTE modem built in. Further, S3 is also expected to be powered by a 32nm Cortex-A9 based Exynos rather than Tegra clocked with 1.8 GHz quad-core processor. And also the latest rumor have sprang up that S3 will have 1GB RAM instead of the previous rumor leap which suggested 2GB RAM.

At the same time, some media reports have also came to find out that the future flagship of S2 will feature a sleek ceramic and brushed metal case, in an attempt to set the device vastly different and spectacular from Apple's iPhone designs.

Samsung Galaxy S3 is being talked about is Human Interaction technology which would allow the buyers to use the front-facing camera to keep track of where their eyes are pointed and the screen will automatically lock when they are pointed away. Hence any person other than the user will not be able to use the smartphone depending on the settings chosen.

Galaxy S3 is also being claimed that it would come with a physical home button and a 5-column layout user interface, just like the one seen on the Galaxy Note. Further, rumors also suggest that the Galaxy S3 will be floored on the launch date in two colors and two storage options. Lately, BGR reported that the color options are said to be a two-tone blue and black and an Apple-esque white while the source also reveals that there will be a choice of 32GB and 64GB model storage capacities.

Earlier, BGR reported that Galaxy S3 will sport 4.8-inch Super AMOLED Plus touchscreen with a 1080p resolution display at 319 ppi. Recent rumors have mentioned that the smarphone would come with a 4.6-inch Super AMOLED HD panel and Non-PenTile Display.

According to industry reports, the resolution and a higher pixel density of the S3 will also leave behind the great Retina display of the iPhone 4S (326 pixels per inch). Further, the smartphone has been confirmed not to feature any 3D technology. However, rumor has it that the S3 would sport a strong Gorilla Glass feature.

Rumor also has it that S3 would sport a YOUM phone design composed of a bendable AMOLED flexible screen.

According to YouMobile latest report, the new devices and phones from Samsung may include flexible screens. The YOUM is the first of its kind, and through this technology, the Korean device makers are trying to develop a stronger, flexible and resilient screen display. And speculations are rife that the feature may be integrated in the soon to be revealed Galaxy S3. The device might be composed of many layers, allowing it to bend making the layers less prone to breaking. The YOUM design does not consist of glass but of film-like sheets and TFT layers. These would make the phone bend and flex.

Meanwhile, it is still not confirmed whether Samsung Galaxy S3 would be the official Olympic phone, it can be assumed that S3 could likely be the Olympics official handset due to its NFC capabilities. As, NFC feature in S3 would allow its users to pay for goods and service by simply swiping the phone against an NFC reader.

Further the next gen smartphone is also expected to come running on Android 4.0 Ice Cream Sandwich update with Samsung's latest version of TouchWiz software atop the user interface. Rumors are also intense that the successor of S2 will come backed by the 4G LTE capability and if things work positively Verizon could be the wireless carrier network of this dream device. Samsung Galaxy S3 is also abuzz with speculations that the phone event will have really tight security and there are chances that the launch may be held simultaneously in New York City, Seoul and Dubai as well.

iPhone 5 Features - What to Expect?

To add to the rumor mill on the Apple's next phone upgrade, the freshest rumor has emerged in the media world that iPhone 5 would come in a new lightweight liquid metal body.

According to Korea's Electronic Times Internet, the industry sources have informed them that the next flagship phones of the companies including Samsung and Apple are expected to adopt unprecedented materials for their main bodies, that is, ceramic for the Galaxy S3 and liquid metal for iPhone 5, both being thin, light and highly resistant to external impacts.

The phone is also anticipated by analyst Brian White of Topeka Capital Markets to feature a larger, 4-inch display and a brand new design. Contrary to this, earlier reports had mentioned that the iPhone 5 would come with a large 4.6-inch or a 3.5-inch screen. Some other sources also said that the device would sport Quantum Dot LED curved glass edge-to-edge display with 1280 x 720 resolutions (367ppi).

A recent Apple patent filing outlines a plan for a wireless headset, complete with built-in mp3 player, which is also being rumored to become the proprietary headset for the iPhone 5. A report by Computerworld highlighted that the new headset is said to combine the iPod shuffle's music-playback feature with Bluetooth technology, and it could become a kind of proprietary headset for the next iPhone.

Regarding the latest news on the processor of the next gen iPhone 5, a report by 9to5mac has stated that‎ Apple is testing a variation of the A5X's S5L8945X chip in an iPhone. Like the A5X-powered iPad, these new iPhone prototypes are packing 1GB of RAM. This prototype is labeled N96 internally, but if the same codename will carry on the actual phone is still unconfirmed

Earlier reports suggested that the sixth generation iPhone would feature an A6 processor. It was expected to be a superfast 1.2 to 1.5 GHz processor with 1GB or more of RAM to offer amazing processing capabilities to the smartphone.

Talking about other features which are going to be included in iPhone 5, the iOS device would boast an 8 megapixel (or even higher) camera with the ability to take pictures in the panorama mode, a 2 megapixel front-facing camera for video chatting, iOS 6, 4G LTE technology, Near Field Communication (NFC) technology, improved Siri and a much-improved battery life.

So what do you think, will all these rumored features come true? Well, you will have to wait and watch till May 3, at least for Samsung Galaxy S3. But for iPhone 5, there is still quite a lot time to know about the confirmed specs of Apple's next best. But one thing is for certain, if iPhone 5 and S3 do come with these features, they will be highly desirable on the open market. Meanwhile, it impossible to judge right now, which tech manufacturer will win the smartphone stocks race. But whatever it is, the consumers are going to be in real benefit with the arrival of these two heavyweights.