The Samsung Galaxy S4, often considered the only real rival to the Apple Inc. (NASDAQ: AAPL) iPhone 5, may be posting sales that are even more impressive that the iPhone's. The South Korean company said of the first month of Galaxy S4 sales:
Samsung Electronics Co., Ltd. today announced that global channel sales of its GALAXY S4, a life companion for a richer, fuller, simpler life, has surpassed 10 million units sold in less than one month after its commercial debut. Launched globally on April 27, the phone is estimated to be selling at a rate of four units per second. The GALAXY S4 sets a new record for Samsung, generating sales quicker than any of its predecessors. Sales of the GALAXY S III reached the 10-million mark 50 days after its launch in 2012, while the GALAXY S II took five months and the GALAXY S seven months to reach the same milestone.
The announcement, and the wait for the iPhone 5S, could further dent Apple's reputation and its share price.
Filed under: 24/7 Wall St. Wire, Consumer Electronics, Wireless Tagged: AAPL