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Samsung Galaxy S III smartphone sales pass 30 mln

Associated Press Modified: November 4, 2012 at 11:30 pm •  Published: November 4, 2012
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Nomura Financial Investment in Seoul forecasts that Samsung will sell 67 million smartphones in the October-December quarter. That would be about 10 million units more than Samsung's smartphone sales in the previous quarter.

Samsung does not disclose its quarterly smartphone sales figures, but analysts and research firms say the company sold a record 56-58 million smartphones in July-September.

Nomura, which is more optimistic about Samsung's prospects than other forecasters, says Samsung's mobile communications business will post 5 percent growth in fourth quarter profit from the third quarter, thanks to the high-end phones — the S III and the Note II.

Research firm IDC ranks the South Korean firm as the world's top smartphone seller in the last three quarters. In the latest July-September period, Samsung sold 56.3 million smartphones versus Apple's 26.9 million, IDC said.