Even though the Samsung smartphones holds a majority of the market share, its flagship device is still no closer in beating the Apple iPhone 5S sales. The Samsung Galaxy S5, which was launched earlier this year, is still not able to cross over the sales mark of the Apple (NASDAQ: AAPL) iPhone 5S.
In a report published by Samsung Group, the revenue generated during this second quarter was lower than it was expected to be, and it surely raised a red flag for the market investors and stock brokers.
Again a research firm, Counterpoint’s, survey reflected statistics which were not in favor of the Samsung Group. The firm survey reflected that the flagship device, Samsung Galaxy S5, is not only being beaten by Apple iPhone 6, but also by some other Chinese companies, which are selling more units than it. According to the survey the sales for the iPhone 5S across 34 market, which comprises 90 percent of the global market, tops a sales mark of the 7 million units, where the Samsung Galaxy S5 siezed at 5 million units only.
“The data measure retailers’ sales to consumers as opposed to typical industry data that look at shipments made by the manufacturer. Galaxy S5 sales probably remained at about 5 million units in June,” said Tom Kang, “They made one mistake, one product that didn’t hold up to expectations and they are paying the price, and will have to move forward and leave behind what has failed and focus on the next product” he included.
Even though the device has not been around for such a long time as compared to Apple iPhone 5S, analyst believes that the Samsung S5 performance is worse than the Samsung Galaxy S4 and is not expected to cross the sales mark of iPhone 5S.
Market analysts also feat that the sales of S5 are expected to go down as the Apple iPhone 6 will be soon launched in the coming few months.