The Samsung Galaxy S5 has generated sales which have overshadowed the ones which the company managed from the S4 and this can bring a promise of rising profits and improvement in the company’s financials for the second quarter as they had predicted earlier on. According to the company's mobile head J.K. Shin more than 11 million units of the flagship smartphone have been sold since it was first launched in April and this has been confirmed by The Wall Street Journal.
"It's been a month since we began selling the S5, and out of the gate, sales are much stronger than the Galaxy S4," Shin told the Journal. Samsung has generated 10 million sales from its last year’s flagship the Galaxy S4 from within the first month of release and the S5 has clearly bypassed that figure. According to Shin, the S5 has managed to gain more results from the sales is because this time Samsung had emerged in the market with more experience than ever before and it was all prepared with carrier agreements and offering the phone in 125 countries at the same time. For obvious reasons, the sales have been exceptionally good in the developed countries such as US, Australia, and Germany.
This has been a good time for the company with amazing sales results and this was much need since the company had been through some rough patches in the past couple of months. Samsung had reported two consecutive quarters with decline in profits and it also lost its share in the smartphone segment by 1%. In some markets, Galaxy S5 sales on that first day were reported to be double that of the Galaxy S4 and after the release of the revenues and profits of the first quarter, Samsung was looking forward to an improved second quarter because of the S5 sales.