Recently, reports indicated that Best Buy will offer the Samsung Galaxy S3 for $49.99, and now reports suggest that the 16GB Sprint version of the smartphone can be bought for $0.01 via Amazon Wireless.

The Galaxy S3 is still selling like hot cakes and smartphone enthusiasts looking for a new handset this holiday season will try to take full advantage of the promotions offered by various retailers; however, for just $0.01 the Samsung smartphone seems like the best bargain around.

Amazon Wireless is selling the 16GB version of Galaxy S3 on carrier Sprint for $0.01 only to new customers on a two-year contract. Existing customers due for an upgrade will have to splash $49.99 for the handset.

Amazon Wireless is also selling the 32GB version of Galaxy S3 for $49.99 to new customers only on a two-year contract. Existing customers eligible for upgrade will have to pay $149.99.

Both the 16GB and the 32GB versions of the smartphones are available in Marble White and Pebble Blue colors. Moreover, the order page indicates that the handset will be shipped within 24 hours with no delivery cost.

The Galaxy S3 has been one of the most popular smartphones for Samsung. The handset has been highly welcomed by smartphone enthusiasts and tech gurus alike. The Galaxy S3, launched in May this year, is still one of the most popular smartphones available in the market. The 4.8-inch smartphone is packed with top-end features and the latest Android 4.1 Jelly Bean has also started to roll on major U.S. carriers.

It is not clear till when the Amazon offer will last, but if you are looking for a new Galaxy S3 then don't waste time and place an order straight away.