Samsung says new Galaxy S5 is off to a strong start

• Sales of Samsung's (OTC:SSNLF, OTC:SSNGY) new Galaxy S5 flagship handset are outpacing the performance of the Galaxy S4 by 10%, with sales especially strong in developed markets such as the U.S., Australia and Germany, co-CEO J.K. Shin tells WSJ.
• Shin also believes strong Galaxy S5 sales will lead to higher mobile profit margins and market share in the current quarter.
• Buyers may be attracted to the product's practical features, Shin says; the Galaxy S5 is water resistant and included a power-saving feature that allows users to keep the phone going for another day with just 10% of battery life left.
• The comments paint a rosier picture of Samsung's mobile business than many analysts and investors had been expecting.