- Samsung (SSNLF, SSNGY) says it has sold 10M+ Galaxy Note 3 units (measured in terms of of channel sell-in, rather than end-user sales) since the 5.7" phablet went on sale on Sep. 25.
- The figure highlights the burgeoning size of the phablet market, whose growth has been fueled in part by strong Asian demand. It comes in a year that has seen sales of Samsung's flagship Galaxy S4 fall short of initial expectations, and a host of rival OEMs launch phablets of their own. Samsung tries to differentiate its Note line via its proprietary S Pen and related apps.
- Universal Display (OLED) and Synaptics (SYNA) are among the companies that benefit from strong Note 3 sales.
- Meanwhile, South Korea's ET News reports (translation) Samsung has lowered its 2014 smartphone shipment target to 330M units from a prior 360M. The new figure represents expected growth of just 14%, or less than the 20% growth forecast by IDC.
Samsung sells 10M+ Note 3 units, reportedly dials back smartphone target
Dec 10 2013, 18:26 ET