Samsung is working on a Galaxy S III-based point-and-shoot camera, Samsung is planning to introduce a Galaxy S camera with 16 megapixel sensor, 10x zoom lens, a pop-up flash, large 4.8″ Super AMOLED screen and Android 4.0 Ice Cream Sandwich OS, Others features include WiFi and 3G connectivity (only mobile data, no voice).
This camera will expected to be announced at IFA 2012, alongside the Galaxy Note 2.