The popularity of the Samsung Galaxy S3 perhaps is not surprising; the phone was highly anticipated, and sales justified anticipations. Rumors are now surfacing of a sub-$200 price on two-year contracts, and a roughly $100 price decrease for the non-contract version.

PopHerald reported that the HSPA+ version of the Samsung Galaxy S3 will be reduced to between $700 and $800, although the report did not specify a date. Some websites are apparently even offering prices as low as $650 to $680 for sans-contract phones.

Samsung Galaxy S3's rival iPhone 4S retails off-contract for $499 for the 16GB model. The high-end price is $799 for the 64GB model. The Samsung Galaxy Nexus, Google's flagship Android smartphone released in 2011, retails for $279 after a price drop which coincided with the debut of Jelly Bean.

The price cut comes after the expected announcement of the Samsung Galaxy Note 2, the phone-tablet hybrid device running Android 4.1 Jelly Bean. Samsung will apparently launch Jelly Bean on the Galaxy S3 "soon," following rumors of an update alongside the launch of the Samsung Galaxy Note 2. A video recently surfaced of the Verizon version of the phone ready to download the update.

Jelly Bean introduced the performance-improving Project Butter and the real-time updating service Google Now; the latter tracks user information, so information about events like a changing flight terminal will update instantly. If users are worried the arrival of Jelly Bean will add a premium to the smartphone, then worries seemingly are unfounded. A source in the report claims that the price cut will not be affected when the update arrives.

PopHerald also reported that the Samsung Galaxy Note 2 will retail, unsubsidized, between $800 and $900 in October. Two-year on-contract models will retail for $199 and $249, perhaps for the 16GB and 32GB version of the phone.

The Samsung Galaxy S3 launched May 29 and quickly registered 10 million pre-orders. The device received a strong critical reception for its new features, including the camera's ability to take multiple photos and then allows the user the choose the 'best,' along with its strong performance.