TweakTown
Tech content trusted by users in North America and around the world
5,936 Reviews & Articles | 38,246 News Posts

Samsung expects to ship 35 million Galaxy S5's in Q2 2014 alone

Samsung aims high with its new Galaxy S5, where it hopes to ship a massive 35 million units before the end of Q2 2014 (KRX:005930)

| Business, Financial & Legal News | Posted: Apr 16, 2014 6:42 am

The Galaxy S5 is here, with millions already enjoying their new flagship smartphone from Samsung, but just how many Galaxy S5 handsets does Samsung expect to ship in the next couple of months? 35 million - that's how many.

 

TweakTown image news/3/7/37082_05_samsung_expects_to_ship_35_million_galaxy_s5_s_in_q2_2014_alone.jpg

 

According to The Korea Times, Samsung shipped 1.3 times as many Galaxy S5 smartphones in the first 24 hours of sales than the South Korean giant did with the S4 launch. Both investors and analysts are impressed with how well the S5 is selling, removing the fears they once had about market saturation or a shift away from Samsung.

 

One Senior Fund Manager spoke with The Korea Times, saying: "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". According to insiders at Samsung, the company is hoping to ship over 35 million Galaxy S5 units by the end of Q2 2014.

 

Considering that Samsung has shipped 63 million Galaxy S4's since it launched last year, that is a helluva lot of Galaxy S5 smartphones. Mark C. Newman, a Senior Analyst at Bernstein Research in Hong Kong said: "We believe the mobile phone division performed better than our previous estimates on the back of the strong smartphone and tablet results "� higher units and higher margin "� due to lower marketing spending".

NEWS SOURCES:Bgr.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases