Samsung Galaxy S5 went on sale in 150 global markets on April 11th. The earlier reports suggest the sales of the device were pretty good, actually better than Samsung Galaxy S4.
Now, a Samsung insider revealed that the company hopes to sell almost 35 million units of the Samsung Galaxy S5 in the second quarter, improving the overall revenue of the company by 17 trillion won.
“Samsung’s smartphone business has been faring well since the introduction of the first Galaxy mobile phone. The S5 will be a major turning point for Samsung’s mobile business. That’s why Shin Jong-kyun, the company’s mobile chief himself, checks sales figures and stock movements,” a senior Samsung executive told The Korea Times.
The report suggested Samsung Galaxy S5 will be a turning point for Samsung’s mobile business, and we’ll find out more how much truth lies in these claims when we’ll see some official figures from the Korean OEM.
“Against earlier expectations, the S5 was well-received by consumers in the global market. We don’t have any plans to advise our big clients to unload their Samsung stock,” said a senior fund manager from a U.S.-based investment bank in Seoul in a telephone interview Tuesday.”
The report from The Korea Times suggests Samsung sold 63 million units of the Galaxy S4, out of which 40 million were actually sold — this means the remaining 23 million are still waiting in retails shelves.
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