Samsung Galaxy S3 Verizon Release Date is July 10: Confirmed

The Samsung Galaxy S3 will be released on Verizon on July 10, Samsung has confirmed.

The Samsung Galaxy S3, Apple's iPhone main rival, will be available online on July 10 and will be released in stores a couple of weeks later.

The phone's 16GB version will be priced at $199 on a two-year contract, while the 32GB model will sell for $249.

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The phone's key features are: Android 4.0, Ice Cream Sandwich Operation System, 4.65 inches HD Super AMOLED Contoured Display, Dual-Core 1.2GHz Processor & 1GB Ram, Verizon 4G LTE Network, HTML Web Browser, 5.0 Megapixel Camera and 1.3MP front-facing Camera.

The new Galaxy S series were released in the European market in late May and the U.S. market in June where it has been released on AT&T and Sprint.

High demand for the phones have reportedly caused several delays.

But the delays are not the only scandal surrounding the hyped device. The telephone is also in the midst of an over heating controversy.

In June, a consumer in Dublin claimed his Samsung Galaxy S3 exploded while mounted on his car dashboard.

"So I was driving along today with my Galaxy S3 in my car mount when suddenly a white flame sparks and a bang came out of the phone."

On Saturday, Samsung said an external energy source caused that person's phone to explode, citing fire investigators.

The company wrote on its blog that : "The only way it was possible to produce damage similarly to the damage recorded within the owner's damaged device was to place the devices or component parts with a domestic microwave."

Samsung also pointed at the user's latest comments posted on a website, where he admitted to have put the phone in the microwave to dry it out after he recovered it from the water.

"This was not a deliberate act but a stupid mistake," the user added, according to the Samsung blog.

The Galaxy S3 is expected to drive Samsung's profits to $5.9 billion for the second quarter, according to Reuters.