Despite component shortages that has made it hard for Samsung to keep up with demand for the new Galaxy S III, the sales for the smartphone will surpass 10 million units in July, the south Korea-based consumer electronics giant said.
The company admitted that the demand for its third-generation Galaxy S had exceeded its expectations, but added that the delay had already been fixed and it was now up to speed in meeting demand.
Last week, U. S. carrier Sprint and AT&T and Amazon distributor BluTekUSA warned that delivery of the Galaxy S III would be delayed due to great demand and limited supply.
The Galaxy S III smartphone went on sale on May 29 and the manufacturer was expecting to sell 10 million units in two months after its release. Thus, it is clear that the manufacturer itself was not quite prepared for the awesome popularity and demand for its new smartphone.
Shin Jong-kyun, president of mobile communications business at Samsung, said, "It has been tough to keep up with demand. It is simply that demand far exceeded our expectation. But that doesn't mean we had set a very conservative demand forecast."
Shin also revealed that the company expected to post better revenue and profit in the second quarter than the first quarter results, mainly due to strong performance by its mobile phone division.
Samsung aims to make the Galaxy S III available on the airwaves of around 300 mobile phone carriers in 147 countries by the end of July.