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Samsung says new Galaxy S5 is off to a strong start

  • Sales of Samsung's (SSNLF, 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.
Comments (2)
  • AnInterestedInvestor
    , contributor
    Comments (68) | Send Message
     
    I can see that their buy one get one free campaign might increase marketshare but can not see how that can increase margin.
    14 May, 05:19 PM Reply Like
  • chabig
    , contributor
    Comments (535) | Send Message
     
    Sound fishy. Samsung has a history of making rosy sales claims that later turn out to be false.
    14 May, 05:25 PM Reply Like
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