Samsung: Galaxy S III sales to hit 10 mln in July

Source: AP-Excite

By YOUKYUNG LEE

SEOUL, South Korea (AP) - Samsung Electronics Co., the world's top mobile phone maker, said Monday it expects global sales of the latest Galaxy smartphone to surpass 10 million in July even as it struggles to keep up with demand because of component shortages.

Shin Jong-kyun, president of Samsung's mobile communications business, said the Galaxy S III will hit the 10-million milestone within two months of its launch.

"It has been tough to keep up with demand," Shin told reporters.

Samsung's failure to procure sufficient mobile components for its latest smartphone has stoked concerns that its second-quarter smartphone sales could be much lower than expected. Shin said the company expects to resolve the supply issues with mobile components sometime in the next week.

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