Andre Yoskowitz
16 May 2014 23:40
Samsung has boasted that sales of the new Galaxy S5 are outpacing those of its predecessor, the Galaxy S4.
J.K. Shin, Samsung's mobile boss, recently said sales topped 11 million since launch, beating out the 10 million first month sales of the S4.
The exec says the sales should lead to higher margins for the quarter and higher market share after Samsung lost some share the last couple of quarters. "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 added. Sales were strongest in the U.S., Germany and Australia.
This is certainly a good sign for Samsung, which saw its first drop in profit for its mobile business since 2011 in the previous quarter. Margins also have fallen to 19.8 percent, compared to over 30 percent at Apple.
The Galaxy S5 is available in 125 nations and with nearly every major carrier.
Source:
WSJ