Samsung is rumored to release the miniature version of Samsung Galaxy S3 on October 11 to battle head on with its rival Apple and the launching of the speculated iPad Mini.

Samsung has announced an event on October 11 and many are speculating that the Korea-based company will announce the Galaxy SIII Mini.

Rumors about Samsung Galaxy S3 Mini started when photos of the device started showing showing up on websites in Sweden, Finland and Norway. Moreover, some online retailers listed offers several color options for the Samsung Galaxy SIII Mini such as Metallic Blue, Blue, and White.

Consumers can also choose between NFC models and non-NFC models. NFC is near field communication, which allows quicker transactions and pairings between two devices. It can act as a credit card when you tap NFC chips on a reader. It also allows users to transfer peer-to-peer data similar to Bluetooth.

A Dutch website hinted that two new handsets will be released early next year. Korea-based tech giant may release a smaller and cheaper version of its successful smartphone - Samsung Galaxy S3; and Galaxy S2 Plus.

Last August, a report from Sam Mobile emerged claiming that Samsung planned to counter Apple's launch by releasing two smartphones.

The Samsung Galaxy S3 Mini version is said to feature a smaller screen display with 4-inch size and super AMOLED feature, 5-megapixel rear camera and dual-core processor. The kicker is the price of the device, which is expected to be a lot cheaper than the new iPhone 5. If the rumors hold truth, the mini version of the Galaxy S3 will be at par with the functionality of the iPhone 4S.

The Samsung Galaxy S3 Mini is not the only device that Apple should be worried with. Samsung is also rumored to be working with another variant of Galaxy S2 - Galaxy S2 Plus. However, there is very limited information leaked about this device.

Both devices are expected to be introduced on the fourth quarter of this year and just in time for the holiday shopping season. If the rumors are true, Samsung will get past Apple's iPhone 5 with four smartphones under its belt.

The Samsung Galaxy S3 proved to be the most popular and most successful device of the company by far. In the last quarter, Samsung dominated the smartphone market with over 60 percent of market share. And recently, Samsung released a solid iPad competitor in the Galaxy Note 10.1 tablet ad phablet Samsung Galaxy Note 2.