Samsung smartphone sales expected to hit record 70 million in Q1

Dan Graziano

Samsung Smartphone Sales Q1 2013
Samsung Smartphone Sales Q1 2013

Samsung (005930) is expected to report another massive quarter despite experiencing a seasonal speed bump, the Yonhap News Agency reported. According to a report from Counterpoint Research, the company was able to achieve record sales during a notoriously slow fiscal quarter and even with the release of its new Galaxy S 4 smartphone looming in the distance. Samsung is estimated to have sold 25 million smartphones per month in 2013 to drive its quarterly sales over 70 million units. 

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The research firm also revealed that the company’s market share increased in the first two months of the year, from 32% in the fourth quarter of 2012 to 35% in 2013. Competitors like Apple (AAPL) and LG (066570), meanwhile, also experienced increased market shares in 2013. Apple’s share increased from 17% in the fourth quarter of 2012 to 21%, while LG went from 4% to 4.3%.

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