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Samsung to launch Galaxy S Mini phone in Europe

  • Samsung is set to launch a smaller version of its popular Galaxy S III flagship smartphone in Europe later in the day.

    The model will be in direct competition with the iPhone 5, which was released in early September, and sports a larger, 4-inch screen in comparison to its earlier models.

    Samsung's original Galaxy S III, launched in late May, has a 4.8-inch screen.

    Steady sales of the flagship phone helped Samsung post a $7.3 billion operating profit in the July-September quarter.