Reagan Wireless Daniel kaufman

Thursday, May 15, 2014

Samsung says 11 million Galaxy S5 smartphones sold since launch

Samsung’s Galaxy S5 sales figures appears to be very strong since it’s launch:

Samsung says that since the Galaxy S5's launch, the flagship smartphone has outstripped the S4's sales figures by one million units in the first month.

The South Korean firm reports that during its debut month, the Galaxy S5 handset has outperformed its predecessor, the Galaxy S4 smartphone. During the first month, over 11 million S5 smartphones were sold, while the S4 secured roughly 10 million sales.

According to the Wall Street Journal, Samsung's mobile business chief J.K. Shin said he believed strong S5 sales will result in higher mobile profit margins and an increased marketshare within the quarter. In particular, sales have been strongest in developed markets including the US, Australia, and Germany.

"It's been a month since we began selling the S5, and out of the gate, sales are much stronger than the Galaxy S4," Shin told the publication. In order to keep profit flowing in to company coffers, Samsung plans to roll out variations of the phone within the next few months to different countries. The firm will also roll out a new range of tablets in June.”