The analysts and money managers reportedly impressed with the initial sales of the Galaxy S5 . They say that the Korean electronics giant Seatan was already doing a good move to quell investor concerns about the profits in the mobile business .
" Unlike earlier expectations , the S5 has been well received by consumers in the global market . We had no plans to give advice to our clients about concerns large stock of Samsung , " said a senior finance manager of one of the U.S. investment bank , as quoted by the Korea Times .
Samsung said it has shipped the Galaxy S5 1.3 times more than the Galaxy S4 in its first sale on 11 April. Samsung Galaxy S5 also recorded higher sales doubled compared to the Galaxy S4 in several countries in Europe .
" Business smartphones from Samsung have good luck since the first Galaxy phones were introduced . Galaxy S5 will be a major turning point for the Samsung mobile business . That is why Shin Jong - kyun , head of Samsung's mobile division , examine their own sales figures and stock movement , " said a Samsung senior executive who wished to remain anonymous .
People in Samsung also said that the company is targeting 35 million units of the Galaxy S5 shipped in the second quarter of this year . This amount is said will generate 17 trillion won revenue from these products .
He also added that the Galaxy S4 already shipped about 63 million units , but so far only about 40 million units have been sold . Most of the income comes from Samsung Electronics' smartphone business .
via Korea Times
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