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Telecom & Wireless

Samsung Tops 30 Million S III Sales

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By Paul Ausick Updated Published
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courtesy of Samsung
The Galaxy S III smartphone from Samsung has sold more than 30 million units in its first five months of availability the Korean firm said today. The company’s previous flagship smartphone, the Galaxy S II, took 14 months to reach the same sales milestone.

Apple Inc. (NASDAQ: AAPL) is believed to have sold about 6 million iPhone 5s in the last week of September and analysts think the firm will sell a total of 47 million iPhones — 4, 4S, and 5 — in the December quarter.

Samsung sold more than 56 million smartphones in the third quarter according to data from IDC, compared with sales of about 27 million for Apple. The impact of the iPhone 5 on Apple’s sales could lift total sales in the December quarter to as much as 46 million units for all models of the iPhone.

An analyst at Canaccord Genuity has forecast Apple’s 2013 iPhone sales at 193.9 million units, compared with 303.6 million units for Samsung.

Paul Ausick

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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