Samsung introduces compact Galaxy smartphone

Samsung Electronics on Friday unveiled a compact version of its flagship Galaxy S III smartphone, with a touch screen sized to match that of arch-rival Apple’s new iPhone 5.

Samsung Electronics on Friday unveiled a compact version of its flagship Galaxy S III smartphone, with a touch screen sized to match that of arch-rival Apple’s new iPhone 5.

The latest phone in Samsung Electronics Co.’s Galaxy line, which has emerged as the biggest competitor to Apple’s iPhone, will go on sale in Europe on May 29 and in the U.S. this summer, the company said Thursday.