The high-end snapper runs the Android 4.1 Jelly Bean operating system, enabling users to take high quality photographs, edit them, and share them on one device.
Boasting 21x optical zoom, a 16-megapixel sensor and a 1.4GHz quad-core processor, the device is backed by a 4.8-inch HD touch display for editing and viewing photographs.
A range of exclusive photography apps will be available through Google Play for manipulating images and video footage, and an automated setting dubbed Smart Pro Mode will help users take optimised pictures.
The Smart Content Manager creates folders and tags faces automatically, while the Share Shot option provides connectivity with other Galaxy devices.
Earlier this evening, Samsung unveiled the Galaxy Note 2, a next generation successor to its popular hybrid tablet.
Samsung will release Wi-Fi, 3G, and 4G models of the Galaxy Camera in the fourth quarter of 2012.