Samsung S-Cloud unveiling pegged for 3 May

Samsung is reportedly preparing to launch a cloud storage service aimed at taking on Apple's iCloud platform and Google's expected Drive service.

Korean newspaper Maeil Business originally reported that the company is planning on using an event on 3 May in London as the launch date for the service.

Dubbed S-Cloud, the platform will reportedly offer users more than 5GB of free storage and will also function as a media streaming and download service.

The service would also reportedly allow users to store data beyond traditional media files.

Samsung declined to comment on the report.

The 3 May event is shaping up to be a major release point for Samsung if reports are to be believed and may also involve the unveiling of a key new device.

Early invites sent by the company suggest that the event will be centred on the company's Galaxy product line, leading to speculation that Samsung will choose London as the venue for the introduction of the Galaxy S3 handset.

The S3 is rumoured to be sporting an improved battery life as well as a new ceramics-based case design.

Samsung is not the only company linked to a possible storage service launch.

Reports suggest Google is in the final stages of preparation for the launch of its Drive platform. The service will reportedly aim to dethrone iCloud by offering users up to 5GB of storage free of charge.