Samsung: Galaxy S III sales to hit 10m in July

JK Shin, head of Samsung Electronics' mobile
division, holds Galaxy S III devices as h
e poses for photographers during an event
to launch the smartphone in local
market at the headquarters of
Samsung in Seoul June 25, 2012. REUTERS

SEOUL - Samsung Electronics, the world's top mobile phone maker, said Monday it expects global sales of the latest Galaxy smartphone to surpass 10 million in July even as it struggles to keep up with demand because of component shortages.

Shin Jong-kyun, president of Samsung's mobile communications business, said the Galaxy S III will hit the 10-million milestone within two months of its launch.

"It has been tough to keep up with demand," Shin told reporters.

Samsung's failure to procure sufficient mobile components for its latest smartphone has stoked concerns that its second-quarter smartphone sales could be much lower than expected. Shin said the company expects to resolve the supply issues with mobile components sometime in the next week.

"Despite the tough economic situation in Europe and problems with supplying components for the Galaxy S III, the second-quarter earnings will be better than the first quarter," he said.

Samsung began sales of the Galaxy S III in Europe on May 29 and released the smartphone through all major mobile US carriers last week. In its home market, the company started sales of the latest iteration of Galaxy earlier Monday.

Samsung's sales estimate for the S III reflects robust demand from mobile operators. Unlike Apple, Samsung does not disclose sales figures to consumers.

The South Korean company said the S III will be released by nearly 300 mobile carriers around the world by the end of July, aiming for an early start before rival Apple announces a new version of the iPhone in the third quarter.

Samsung overtook Nokia as the world's biggest mobile-phone maker in 2011 and competes with Apple for the top smartphone maker position. It aims to double its smartphone sales this year to nearly 200 million phones. AP

Source: wwww.todayonline.com

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Record S$7.5 billion second-quarter profit for Samsung

SEOUL - Soaraway sales of the Galaxy smartphone drove record quarterly profit of US$5.9 billion (S$7.46 billion) at Samsung, though the South Korean tech giant is fretting over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances.

In its April-June earnings guidance this morning, Samsung, valued at US$170 billion and the world's leading maker of TVs, smartphones and DRAM memory chips, estimated operating profit jumped 79 per cent to 6.7 trillion won (S$7.47 billion) from a year ago.

The average forecast in a Reuters survey of 23 analysts was for 6.67 trillion won. That forecast had been revised down slightly due to delays in shipping the latest Galaxy S III smartphone. The estimated second-quarter profit is 14.5 per cent higher than the previous record quarterly profit of 5.85 trillion won in the first quarter.

Samsung estimated its second-quarter revenue at 47 trillion won, just below a 50 trillion won forecast.

Samsung is due to release its full second-quarter results - the first since former components chief Kwon Oh Hyun took over as CEO - towards the end of this month.

Samsung's flagship Galaxy smartphones are likely to have stretched their lead over rivals Apple and Nokia - despite a parts shortage that meant it struggled to keep up with stronger-than-expected demand for the S III model. REUTERS

Source:  todayonline.com

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Samsung wins bid to sell Nexus in Apple court battle

An employee of South Korean mobile carrier
KT holds a Samsung Electronics' Galaxy tablet 10.1 (R)
and Apple Inc's iPad (L) at a registration
desk at KT's headquarters in Seoul
, in this August 10, 2011 file photo. REUTERS

WASHINGTON - Samsung scored a partial victory against arch-foe Apple yesterday after a US appeals court lifted a freeze on sales of its Galaxy Nexus smartphones but upheld a lower court's decision to temporarily halt sales of its Galaxy 10.1 tablet computer.

Apple accused its Asian rival, the leader in global mobile device sales, in lawsuits of blatantly copying its hot-selling iPhones and iPads.

Last week, a San Jose court granted rare, temporary injunctions against the sale of the Galaxy mobile devices in question, a triumph for the Silicon Valley consumer electronics giant that had asked for the bans until their trial begins July 30.

Apple has waged an international patent war since 2010 as it seeks to limit the growth of Google's Android system, the world's most-used mobile operating platform. Opponents of Apple say it is using patents too aggressively in a bid to stamp out competition.

Apple and Samsung Electronics, the world's largest consumer electronics companies, are waging legal battles in about 10 countries, accusing each other of patent infringement as they vie for supremacy in a fast-growing market for mobile devices.

The US Court of Appeals for the Federal Circuit said it would temporarily stay the smartphone injunction while it considers Apple's arguments, the court said in a brief order. It gave Apple a July 12 deadline to respond.

The decisions are the latest in a long-running battle between Samsung and Apple in US courts but are unlikely to severely depress the Asian tech-power's bottom line since it is rolling out new tablet and smartphone models. On Friday, Samsung announced that soaring sales of its smartphones helped drive a record US$5.9 billion (S$7.5 billion) quarterly profit.

Earlier this week, US District Judge Lucy Koh in San Jose, California, rejected Samsung's request to lift her June 26 order to halt sales of the tablet, which runs on Google Inc's Android operating system and goes toe-to-toe with the iPad.

Koh also slapped a pre-trial ban on sales of Samsung's Galaxy Nexus phone a week ago.

Apple sued Samsung last year, accusing the South Korean electronics maker of "slavishly" copying the iPhone and iPad. Samsung denies the claim and countersued.

Samsung's Galaxy touchscreen tablets are considered by many industry experts to be the main rival to the iPad, though they are currently a distant second to Apple's devices.

Apple sold 13.6 million iPads from January through March to control 63 percent of the global tablet market, according to research from Display Search. Samsung sold 1.6 million tablets, giving it 7.5 percent of the market. REUTERS

Source:  todayonline.com

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For Samsung, Galaxy halo effect comes with supply crunch

Samsung expects sales of its new Galaxy S III
to top 10 million during July. REUTERS

SEOUL - Samsung Electronics' struggle to keep pace with rampant demand for its new Galaxy S III smartphone may have cost the South Korean firm some 2 million units of sales in just a month.

For a company that has never stirred the sort of consumer frenzy that accompanies each new Apple gadget, overwhelming demand is a nice problem to have. But some of the shortage stemmed from a manufacturing glitch that affected some European sales, while major carriers in the United States have had to delay delivery of some pre-ordered phones.

The Galaxy S III has received the most positive reviews among any of the Samsung smartphones, and the technology giant says the phone is on track to become its fastest selling smartphone, with sales likely to top 10 million in the first two months since its launch.

The latest Galaxy's launch has been well timed as the next iPhone is not expected until later this year, and offerings from others such as Google's Motorola and Nokia have not created much of a market stir.

"Samsung might have been caught off guard by the demand, not because they did not believe in their own products, but because they might have over-estimated the competition," said Gartner analyst Carolina Milanesi. "In other words, aside from the iPhone and HTC's One X there's not much out there at the moment, which would have certainly helped Samsung."

Analysts reckon the Galaxy shortage will be a temporary hiccup, affecting some 2 million units of shipments in the April-June quarter. Samsung expects another record quarter of earnings from its handset business in the current period, helped by solid sales of its predecessor S II and phone-cum-tablet Galaxy Note.

Barclays lowered its forecast for Samsung's second-quarter Galaxy S III shipments to 6.5 million from 8 million, but raised its third-quarter shipment forecast by 1 million to 15 million.

Samsung said component shortages have been resolved and it is running at full tilt to meet demand. "It is simply that demand far exceeded our expectation. But that doesn't mean we had set a very conservative demand forecast," Samsung said in an emailed statement to Reuters. REUTERS

Source:  www.todayonline.com

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