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Samsung Galaxy S III demand exceeds supply

Samsung said today that they aim to sell more than million Galaxy S III smartphones by July. They said that they should achieve a 10 million sales record within two months of the product launch.

Sadly, the company are struggling to create the smartphones fast enough, due to component shortages. Shin Jong-Kyuan, the president of mobile communications business said that it has been tough to keep up with demand.

The problems with component shortages mean that second quarter smartphone sales may be lower than expected. Shin said that they should resolve the supply issues with mobile components in the next week.

He said “Despite the tough economic situation in Europe and problems with supplying components for the Galaxy S III, the second-quarter earnings will be better than the first quarter.”

Exact sales figures have not been made public, as Samsung do not disclose this information to consumers.

Samsung said that the S III will be released by almost 300 mobile carried across the globe by the end of July. Apple should have a new iPhone available in the third quarter which will raise the stakes.

Samsung have overtaken Nokia as the world’s largest mobile phone maker in 2001 and are battling Apple for the position. Samsung aim to double their smartphone sales this year to almost 200 million units.

Kitguru says: Can Apple catch Samsung?

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