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 (103) | 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 2014, 05:19 PM Reply Like
  • chabig
    , contributor
    Comments (656) | Send Message
    Sound fishy. Samsung has a history of making rosy sales claims that later turn out to be false.
    14 May 2014, 05:25 PM Reply Like
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