Samsung Electronics has recently launched its highly-anticipated Galaxy S3 flagship smartphone, and it has high expectations that sales will reflect the handset’s popularity. The world’s No.1 mobile maker said on Monday, June 25, that it expects global sales of the third-generation Galaxy smartphone to top 10 million in July, even as it faces component shortage issues in trying to keep up with demand.
Shin Jong-kyun, Samsung's mobile communications president, said the new Galaxy S3 will hit 10 million sales within two months of its release. "It has been tough to keep up with demand," said Shin, as cited by the Associated Press.
As the new Samsung Galaxy S3 enjoys great demand and popularity, the mobile maker's component shortage issues have raised some concerns that its second-quarter smartphone sales could drop much lower than expected. According to Shin, Samsung expects to resolve this issue sometime next week, and they will not have a negative impact on second-quarter earnings. "Despite the tough economic situation in Europe and problems with supplying components for the Galaxy S III, the second-quarter earnings will be better than the first quarter," said Shin.
Samsung started selling its Galaxy S3 flagship smartphone on May 29 in Europe, and launched the handset in the U.S. last week. Meanwhile, the mobile maker has just started selling the next-generation smartphone in its home market of South Korea.
Unlike rival Apple Inc, Samsung does not release sales figures to consumers, but the company's strong estimate for the Samsung Galaxy S3 indicated great demand from mobile operators. According to Samsung, by the end of July its latest smartphone iteration will be available on nearly 300 mobile carriers worldwide. The South Korean company is betting on an early start, before Apple unveils its highly-anticipated next-generation iPhone in the third quarter, most likely October.
Samsung dethroned long-time champion Nokia to become the world's biggest mobile-phone maker, and now competes with Apple for the world's top smartphone maker title. It's a tough race to the top, as the smartphone market is highly competitive, but Samsung aims to double its smartphone sales this year to nearly 200 million phones.
most read
more stories from Mobile
Samsung might switch from AMD RDNA cores to an in-house GPU for the Exynos 2600 SoC. Stay tuned for updates.
ernest hamiltonDiscover the latest: Google Maps gets a major redesign! Explore the updates in action on Android.
ernest hamiltonGet the scoop on iPhone 17 rumors: from a 'Slim' version to a revamped Dynamic Island, explore the possibilities!
ernest hamiltonExperience AI-enhanced One UI 6.1 on your Galaxy Z Fold 4. Upgrade now for smarter interactions and enhanced user experience!
ernest hamiltonBumble's dynamic shift: Women no longer need to make the first move. Explore automated conversation starters and new dynamics!
ernest hamiltonDiscover the latest leaked specs for the Sony Xperia 1 VI, including cameras, chipset, and battery details. Stay updated!
ernest hamiltonThe Rabbit R1 appears to be just an Android app, despite earlier speculations. Read more about Rabbit's denial.
ernest hamiltonGoogle introduces a playful twist to calls with audio emojis, including a fart button. Discover the fun!
ernest hamilton