SAMSUNG HAS REVEALED that sales of its Galaxy S5 smartphone are "much stronger" than sales of the Galaxy S4, boasting that it has sold 11 million units so far.
Speaking to the Wall Street Journal, Samsung CEO JK Shin finally coughed on Galaxy S5 sales, revealing that the firm has sold 11 million so far - a 10 percent increase compared to sales of last year's Galaxy S4. This comes just days after Korean media reported that 10 million Galaxy S5 smartphones were sold in 25 days.
"It's been a month since we began selling the [Galaxy] S5, and out of the gate, sales are much stronger than the Galaxy S4," Shin said, adding that sales have been strongest in the US, Australia and Germany.
Thanks to these bumper sales, Shin said that the firm expects to post higher mobile profit margins and market share this quarter. This comes after Kantar Worldpanel Comtech reported a decline in Samsung smartphone sales in the first quarter, with its market share falling from almost 37 percent to 30.2 percent.
Shin also addressed the widespread criticism that the Samsung Galaxy S5 has received, with the flagship smartphone being widely panned due to its plasticky design and lack of new features. Shin said that Samsung has added "practical" features to the handset that are winning over smartphone buyers, such as IP67 certification and better battery life.
"It may not have eye-popping technology but the features are practical," Shin said.
The Wall Street Journal reported that in order to sustain this momentum Samsung is planning to roll out "variations of the flagship phone over the next few months", likely referring to the mooted Galaxy S5 Mini, Galaxy S5 Active and Galaxy S5 Prime handsets.
The report added that a Galaxy Note 3 sequel is also expected soon, with Shin telling the newspaper that it "could include a bendable display". µ