Samsung expects Galaxy S III sales to top 30 million in 2012

BGR, In the second quarter this year, just two companies accounted for more than 100% of the smartphone industry’s profits according to estimates. Raymond James analyst Tavis McCourt recently said Apple (AAPL), which will unveil the all new iPhone 5 on Wednesday afternoon, took in 77.1% of second-quarter smartphone profits. Samsung (005930) accounted for 29% of Q2 profit among major global smartphone vendors. As the rest of the market continues to lose money, Samsung has yet another blockbuster hit on its hands — the company said on Wednesday that it expects to sell more than 30 million Galaxy S III smartphones before the year is over.

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