Samsung looks set to launch the Galaxy S3 smartphone at an event titled "come and meet the next Galaxy" on May 3 in London, bringing an end to months of speculation and waiting for the new handsets arrival.

The South Korean phone maker has not officially confirmed that the event will play host to the unveiling of the massively popular Galaxy S2 replacement, but they did say that the blue and white paint themed invites are genuine, and London will play host to the launch of a new product on May 3.

Given the products announced at CES and the Mobile World Congress it is unlikely to be anything other than the Samsung Galaxy S3's launch, but it also remains entirely possible we'll see a completely new product.

"The successor to the Galaxy S2 smartphone will be unveiled at a separate Samsung-hosted event in the first half of the year, closer to commercial availability of the product," an official spokesperson replied to PC Advisor when quizzed about the Galaxy S3's absence from this year's Mobile World Congress.

Details on the upcoming handset are rather scarce, though various rumors pin the new handsets specification to include a 4.6" or 4.7" Super AMOLED HD plus touchscreen display and it's also possible we'll see wireless charging appear on the new model. It's suggested the display will feature a resolution of 720x1280, and a "retina-like" pixel density of 319ppi, though as with all rumors it could turn out to be inaccurate.

On the processor front, it is very likely the Galaxy S3 will be paired with a Samsung-made Exynos 4212 1.8GHz dual-core CPU, 2GB of RAM, at least 16GB of internal storage, a 12MP rear-facing camera combined with a 2MP front facing camera for video calling and the latest 4G LTE connectivity, alongside Google's latest Android OS, Ice Cream Sandwich.

There is no doubt Samsung has enjoyed almost unrivaled success with the Galaxy S2 smartphone, and should the rumored specifications turn out correct it's likely the world's biggest phone maker will release what will become another very popular handset.