Samsung Galaxy S3 Sales More Than 40 Million

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Samsung said it was selling around 190,000 Galaxy S III handsets everyday and had now sold more than 100 million of its Galaxy S smartphones. That figure includes around 40 million Galaxy S II handsets and 20 million Galaxy S smartphones.

Last year, Samsung became the leader in worldwide smartphone shipments. In the third quarter of 2012, the company increased its share of smartphone shipments to 31.3 per cent.

In contrast, Samsung’s key rival Apple had a 14.6 per cent share of the global smartphone market in the third quarter of last year. Apple is said to be considering a new iPhone model, possibly a cheaper one, to better challenge low cost smartphones running Google’s Android operating system.

Earlier today it was reported that Apple had cut orders for LCD panels for the iPhone 5 by as much as half for the coming quarter. Apple’s shares fell more than 13 per cent on the news, dropping below $500 for the first time in almost a year.

In a statement, Samsung said: “The driving force behind Samsung Electronics’ rise to the top on the global smartphone market is Galaxy S II which is gaining ground as a steady seller hitting the sales of over 40 million in only 20 months.”

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