Galaxy S5 sales have reached 11 million units, says co-chief executive

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Galaxy S5 skeptics, it’s not your day. Samsung’s latest flagship has apparently done really well so far, according to information obtained straight from the company’s co-CEO, J.K. Shin.

Shin notes that the phone has sold more than 11 million units since going on sale in early April this year; for comparison, last year’s flagship, the Galaxy S4 sold around 10 million units in about the same time period.

It is predicted by Shin that strong sales of the Galaxy S5 will lead to a higher market share and profit margin for Samsung in the second quarter, though he did not give specifics in his interview at the Samsung headquarters.

Sales have allegedly been strong in developed countries such as the U.S and Australia. A likely reason for this is the fact that Samsung has secured agreements with nearly every major carrier in every relevant country. Speaking of which, the Galaxy S5 was simultaneously sold in 125 different countries, which largely helped sales figures.

Samsung’s next big announcement, as noted by The Wall Street Journal, is a new set of tablets at their June 12 event — we’re expecting a Galaxy Tab S line to be unveiled.

Source: The Wall Street Journal

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Rithvik Rao