Telecom Lead Asia: Samsung has sold over 100 million Galaxy S devices in 2 years and 7 months after the first model launched in May 2010.
Samsung claims that the Galaxy S III is selling at a much faster rate of 30 million in 5 months and 40 million in 7 months, after becoming a million seller in only 50 days after its release last May.
READ MORE: TelecomLead.com editors have selected Samsung’s Galaxy S III as the Smartphone of 2012. The Korean cell phone major sold more than 30 million Galaxy S III smartphones since its launch in May 2012.
According to the company, currently, its average daily sales are 190,000 units. The driving force behind Samsung Electronics rise to the top on the global smartphone market is Galaxy S II which is gaining ground as a steady seller hitting the sales of over 40 million in only 20 months.
Recently, it was reported that Samsung earned a quarterly profit of $8.1 billion, as it sold close to 500 handsets every minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple products.
According to ABI Research, Apple’s iPhone 5 and Samsung’s Galaxy smartphones have fueled the growth of LTE phones in 2012.
New sign-ups and conversion of 3G subscribers with LTE-capable handsets is expected to gather pace in 2013 and 2014.
ABI Research forecast that 785 LTE million subscribers by 2017 from 58 million in 2012 will generate $14 billion in annual service revenues. When 3G handsets came into the market in 2003 and 2004, there was pretty much a 1:1 correlation between a 3G handset sold and a subscription upgraded from 2G to 3G.