By Keerthi Chandrashekar (staff@latinospost.com) | First Posted: Aug 22, 2012 02:05 PM EDT

Deciding whether to pick up the Samsung Galaxy S3 smartphone now or wait for the Apple iPhone 5? If the decision is a tough one, then Samsung is about to make it tougher for you. The Korean electronics company could be set to introduce a smaller, Galaxy S3 Mini smartphone by the end of this year to beef its lineup against Apple's inevitable iPhone 5 juggernaut - if the rumors are true.

Keep in mind there is no confirmation of a Galaxy S3 Mini as of now. Instead, speculation suggests that the Galaxy S3 Mini will sport a smaller screen, around 4 inches instead of the Galaxy S3's 4.8-inch screen. It should still retain a Super AMOLED display, and might come with a five-megapixel rear-facing camera.

If this true, it could attract more consumers who are intrigued by a good Android handset, but don't want a gigantic 4.8-inch screen.

"Looking forward for a full featured (quad core, 8MP camera) galaxy S3 Mini with 4 - 4,3 inch screen, to replace my S2, S3 is to big for me," comments poster "ralvarellos" on SamMobile.

Samsung is also expected to unveil a Galaxy S2 Plus, which would upgrade the Galaxy S2's hardware and extend the product's lifetime.

Samsung is releasing a slew of new products, all aimed at strengthening its current market dominance over Apple. With the help of the Galaxy S3 and Galaxy Note, Samsung outsold Apple two-to-one in the second quarter of 2012. And recently, Samsung released a solid iPad competitor in the Galaxy Note 10.1 tablet, and the company will unveil the much-anticipated Galaxy Note 2 at an event in Berlin on August 29.

This lineup is Samsung's head-on attack at Apple's dominance in the mobile market. The iPhone and iPad have been industry standards ever since their respective launches, and companies are scrambling to figure out how to compete. Some, like Amazon and Google, have decided to attack niches, such as the smaller, budget tablet market. If Samsung does release a Galaxy S3 Mini, it is clear that the Korean company's strategy is to go straight at Apple, toe-to-toe.