Technology

Samsung Galaxy S III Sales To Reach 10 Million Sales In July

Based on a recent report published by Reuters, Samsung Galaxy S III is expected to reach 10 million sales in July. Analysts were worried that the company will not be able to cope with the lack of smartphone components, but spokespersons reassured everyone that the sales will keep on growing in the following months.

Samsung released a new statement on Monday to let people know that their new smartphone, that is, Samsung Galaxy S III was well-received by the public. Their announcement dismantled skeptics’ belief that the public will not want to buy the phone. As a matter of fact, the report read that there might be more than 10 million Samsung Galaxy S III devices sold by the end of July.

Analysts’ biggest fear was that the company will not be able to meet customers’ demand because of their component shortages. Shin Jong-kyun, president of Samsung’s mobile communications business told the press that the missing components will be replaced next week, so the mobile maker will sell as many devices as they initially planned. This way, Samsung will not fail to accomplish its second-quarter smartphone sales.

Jong-kyun further added that the company is very optimistic about the future evolution of the third Galaxy smartphone. In fact, he stated that their estimates prove that the sales of the second-quarter could be a lot better than the ones of the first quarter. Analysts hope Shin Jong-kyun’s declaration turns out true as Samsung dropped 4.2 percent on the Seoul bourse on Monday.

Samsung Galaxy S III is now available on most of the markets. The first launch took place in Europe on May 29, whereas in the United States, the smartphone was released last week. Customers in Japan can purchase the phone, too, because it has been released earlier on Monday.

Samsung Galaxy S III includes improved technology, such as, eye recognition which prevents the screen from dimming. A customer in Ireland reported that his smartphone exploded due to a battery problem, but the company denied the rumors after performing various investigations.

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