Samsung has big goals for the month of July when it comes to sales for its Galaxy S III smartphones. That smartphone has turned out to be one of the most popular devices Samsung has ever made and has been selling in huge numbers around the world. Samsung's goal for the month of July is to rival the iPhone in sales.
Samsung is predicting sales of over 10 million units during the month of July. That number would make the Galaxy S III Samsung's fastest selling smartphone. Samsung is also predicting that earnings from its handset division will be higher in Q2 that in Q1. If that turns out to be correct, Samsung will set aside some concerns that short supply of the popular S III and a weak economy around the world could hurt earnings.
Not everything has gone smoothly with the Samsung Galaxy S III smartphone's launch, however. Supply has a bit constrained due to limited availability of some components, particularly in the case for the blue version of the smartphone.
The device launched in the U.S. last week on all major carriers including Sprint, T-Mobile, and AT&T. None of those carriers have been able to offer the 32 GB version of the smartphone due to availability issues.
"Due to overwhelming demand for the Galaxy S III worldwide, Samsung has informed us they will not be able to deliver enough inventory of Galaxy S III for Sprint to begin selling the device on June 21. We are working closely with Samsung on a delivery schedule to support our launch," Sprint said on its web site. It has yet to start shipping pre-orders for the 32 GB version.
"We're getting far better reviews on S III than we did with its predecessors globally ... and supply simply can't meet soaring demand. We've sent executives and staff to almost all our (component) suppliers to ensure a smooth offering and hopefully things will get better from next week," said JK Shin, head of Samsung's mobile division.