Samsung Launches Galaxy S III Smartphone

By Kristin Bent
May 03, 2012 6:11 PM ET

Page 2 of 2

The launch of the Galaxy S III comes on the heels of Samsung reporting a record quarterly profit of $5.15 billion for its first-quarter fiscal earnings this year. Much of this record profit, the company said, can be attributed to the success of its Galaxy lines of smartphones and tablets. Samsung didn’t disclose exactly how many smartphone units it shipped during the quarter, but market research firm Strategy Analytics pegged its total handset shipments to be around 93.5 million units.

Depending on how many of these handsets were smartphones, this number could placeSamsung ahead of rival Apple, which sold 35.1 million smartphones in its first quarter.

Samsung said a 3G version of the Galaxy S III will be available at the end of May in Europe, Africa, and Latin America. A 4G LTE version is expected to launch in the U.S. this summer. Pricing details have not been provided.

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