Telecom & Wireless

Samsung Has a Best-Seller, but iPhone 5 and Patents Weigh

Samsung Electronics this morning announced that sales of the company’s Galaxy S III smartphones have topped 20 million units since the phone’s release in late May. The milestone was reached three times faster than sales of an equal number of the Galaxy S and six times faster than sales of the Galaxy S2, which together have total sales of more than 50 million units since the first Galaxy S was sold in 2010.

Sales of the Galaxy S III topped 6 million in Europe, while Asia gobbled up 4.5 million and the United States accounted for 4 million units. The Galaxy S III became the best-selling smartphone in the U.S. in August, topping the iPhone 4S from Apple Inc. (NASDAQ: AAPL). But that milestone is not expected to survive next week’s expected launch of the iPhone 5.

One Apple analyst expects sales of 10 million iPhone 5 devices in the first week of availability. The iPhone 4S sold 4 million units in its first three days of availability, so that estimate is probably not far off the mark.

Apple also has won a jury verdict against Samsung for infringing on Apple’s designs. The verdict did not include the Galaxy S III, but Apple has subsequently sought an injunction against further sales of the Galaxy S III in the U.S. Win or lose, Apple’s action will give potential buyers of the Samsung phone pause.

Paul Ausick

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.