Samsung Galaxy S III smartphone sales pass 30 mln

Samsung Galaxy S III smartphone sales pass 30 mln

Credit: AFP/Getty Images

A woman walks past a signboard of Samsung Galaxy S3 at a mobile phone shop in Seoul on August 27, 2012. Shares in Samsung Electronics opened 6.75 percent lower on August 27, 2012 after a US court fined the South Korean firm 1.05 billion USD for breaching Apple's patents. AFP PHOTO / JUNG YEON-JE (Photo credit should read JUNG YEON-JE/AFP/GettyImages)

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KMOV.com

Posted on November 5, 2012 at 10:39 AM

SEOUL, South Korea (AP) -- Samsung says it has sold more than 30 million flagship Galaxy S III smartphones in about five months, making it one of the fastest selling smartphones in the world.

   Samsung Electronics Co. launched the smartphone at the end of May, months before competitors began shipping the latest versions of their top phones.

   The runaway demand for high-end smartphones fueled record profits at Samsung in recent quarters while other consumer electronics firms were hit by the global economic downturn.

   Samsung, which also makes TVs, home appliances, semiconductors and display panels, got almost 70 percent of its third-quarter operating profit from the division that makes mobile devices, cameras and computers.

   Research firm IDC ranks the South Korean firm as the world's top smartphone seller in the last three quarters.
 

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