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Samsung Galaxy S4 launch: Asda drops price of Galaxy S3 to £338

UK Retailing giant Asda has cut the price of the SIM-free version of the Samsung Galaxy S3 smartphone, alongside scores of other models, by 10 per cent to a mere £338.

That’s around 37 per cent less than its suggested retail price back in June 2012 and the step may be interpreted as a clear out existing stocks of the S3 amidst rumour of a newer version of the handset.

Of course, there’s also the fact that Samsung will launch the Galaxy S IV smartphone in New York at 2300 GMT and is expected to be available on preorder on EE in the UK on 28 March.

The Samsung Galaxy S3 is still a pretty capable mainstream smartphone. It comes with a quad-core Exynos SoC clocked at 1.4GHz with 1GB of RAM, 16GB onboard storage, a 4.8in 1,280 x 720 pixel Super AMOLED display, an 8-megapixel camera, a 2,150mAh battery and Android 4.1 Jelly Bean.

Samsung revealed earlier this year that more than 60 million Galaxy S3 handsets have been sold globally with reports that nearly 10 million units were preordered before it actually launched. You can read our review of the Samsung Galaxy S3 smartphone here.