Samsung's launch of the Galaxy S III earlier this year looks to be a big winner for the company, despite reports of limited supplies of the Android 4.0-based smartphone for its US launch. Reuters reports that according to Samsung, it expects to sell 10 million units of the Galaxy S III by the end of July.
The smartphone officially launched in the US last week, after first coming out in parts of Europe in late May. However, only two of the five announced Galaxy S III US wireless carriers, T-Mobile and Sprint, were able to start shipping the Galaxy S III in limited quantities, mostly to people who pre-ordered the phone. Other wireless carriers, such as Verizon, AT&T and US Cellular, have yet to officially announce when they will begin shipping their versions of the Galaxy S III.
JK Shin, the head of Samsung's mobile division, is quoted as saying:
We're getting far better reviews on S III than we did with its predecessors globally ... and supply simply can't meet soaring demand. We've sent executives and staff to almost all our (component) suppliers to ensure a smooth offering and hopefully things will get better from next week.
The company has also predicted that its revenues and earnings for the current quarter will be higher than the first quarter of 2012 but no details were revealed.