Rumors surrounding the highly anticipated Samsung Galaxy S3 signal to a March release date, but new reports claim the phone will not be out until the summer of 2012.

Samsung has said that Galaxy enthusiasts should not hold their breaths for a March release, as the phone is likely to come in the middle of the year, closer to the summer, according to a report obtained by News Sizzle.

The Galaxy S2 was unveiled at the Mobile World Congress last year, but its success together with the recent release of the Galaxy Nexus will likely delay the launch of the S3.

Cell C, a mobile carrier in South Africa released a statement saying the S3 would be released in stores by July 2012. But the international version will likely be released before the U.S, especially if the Galaxy Nexus is an example to go by.

Recent rumors have pointed to a February, March release with many tech bloggers predicting the phone will be unveiled in the first half of the year, but Samsung is yet to release an official statement about the release date.

Samsung Galaxy S2 was heralded one of the top smartphones of 2011 with its all-powerful features packed into a slim, sleek case. Now Samsung enthusiasts are gearing up for the all-new Samsung Galaxy S3 model.

The most popular rumor surrounding the S3 is that Samsung will launch an 8GB entry-level version of its Androidphone. It will have smaller memory, but come at a reasonable price compared to the larger model, according to a report published in Planet Insane.

Here's a roundup of rumors surrounding the phone:

Release Date: The latest and most popular release date rumor is that the phone will launch on March.13 at an event in Turkey. While this is highly unlikely, S3 enthusiasts are hoping the Mobile World Congress in February will bring official information about the phone's release.

Processor: The next generation of Samsung is expected to boast an Exynos 4412 chipset with a quad-core unit, which will apparently be clocked at 1.5GHz. The phone is guaranteed to arrive with the Android 4.0 Ice Cream Sandwich operating system.

Display: The S3 is expected to come with a larger screen than that of the Samsung Galaxy Nexus, nearer to the 5-inch scale. It is rumored to have a AMOLED Plus screen with 1280x720 resolution. If the phone comes with a S5K2P1 chip, it will be able to capture 60fps HD video and 8.3 megapixel images.

Other rumored specs:

  • 5″ 1280×720 Super AMOLED Plus display
  • 9mm thick body
  • 8 megapixel main camera with LED and Xenon flash
  • 2 megapixel front-facing camera
  • 32 or 64 GB of internal memory
  • USB 3.0 capability
  • 4G LTE right off the bat
  • 1.5GHz Quadcore Samsung Exynos CPU
  • Touchwhiz 5.0 overlay