Samsung has recently reported on the sales of Galaxy S4, a brand-new smartphone introduced to the international market some 6 months ago. It turns out that the demand for Galaxy S4 is fairly high, higher than expected. The new device has outpaced the previous version - Galaxy S3 – in terms of sales.
In particular, in 6 months of sales, Samsung managed to sold some 40 million devices. For comparison sake, Samsung had to spend 7 months in order to sell 40 million copies of Galaxy S3.
Still, Samsung seems to be disappointed since the company expected much stronger sales. At the same time, the sales of Galaxy S4 are reported to decline a little bit after Apple introduced its own devices – iPhone 5C and 5S. At the same time, there are rumors that Samsung is currently working on Samsung Galaxy S5 and may introduce it to the international community a couple of months earlier than planned.
The company’s stock is currently recovering from the recent retracement. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Samsung’s stock:
