Samsung expects Galaxy SIII exports to top 10m

Samsung expects Galaxy SIII exports to top 10m

Samsung expects to ship ten million units of the new Galaxy SIII around the world by the end of July.

Shin Jong-kyun, Samsung's mobile business president, said that the device, which was launched in May, would reach the milestone two months after its launch, making it the fastest selling smartphone of all time.

The figures reflect shipments of the devices to carriers, not customers; unlike Apple, which is able to record activations of each iPhone by an end-user, Samsung does not disclose sales figures to consumers.

Profit from Samsung's mobile division nearly trebled in January-March to $3.6 billion (£2.3 billion), accounting for 73 per cent of group operating profit.

Despite predicting such a rapid uptake of the device, Mr Shin noted that supply remains very tight due to strong demand and component shortages.

However, he noted that supply conditions will improve from the start of July, with the firm hoping to increase sales to 200 million smartphones by the end of the year.