Here's some good news for Samsung fans in the country. Samsung Galaxy S III, the current flagship model of the company, has received a price cut and is now available for Rs 30,490 on the internet. The official prices of the 16 and 32GB versions of the device are Rs 32,540 and Rs 35,600, respectively. This is the second major price cut for Galaxy S III, which was launched for Rs 43,000 in the Indian market in May 2012. The smartphone got its first price cut in September, when its price was reduced to Rs 34,900. Samsung Galaxy S III is today selling at nearly 25% less than its launch price in the online market.

The price of Samsung Galaxy S III hovers around Rs 32,000 in the Indian e-commerce market, with major sellers like Indiatimes Shopping and Flipkart selling it for Rs 31,900. However, a seller on Tradus, which has listings of various retailers, is offering the device for Rs 30,490, the lowest price for the device so far. HTC One X, a rival of Samsung Galaxy S III, is also available in a similar price band - Rs 30, 749 - on the internet. However, the other big rival Apple iPhone 5, which launched in early November in India, is priced between Rs 45,500 and Rs 59,500. The device's almost year-and-a-half-old version, iPhone 4S is selling at a price of Rs 37,500.

Some of the other Samsung Galaxy series devices like Galaxy Note, Galaxy S II and Galaxy S Duos too have seen price cuts. Samsung Galaxy Note is now available for Rs 25,500 on the internet. Likewise, Samsung Galaxy S II is available for Rs 22,990 on the web, though its official price is Rs 25,900. Galaxy S Duos, a mid-range dual-sim Android device from Samsung, is also selling at reduced prices on the internet. The device, whose official price is Rs 15,200, is available for Rs 14,300.