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Investors have recently been concerned about Samsung’s financial forecasts owing to a number of reasons. It is believed that due to saturation in the high-end smartphone market Samsung may not be able to ship as many units as it did in the past, others simply have mixed opinions about its latest flagship. Though with the company recently announcing that it shipped 1.3 times as many Galaxy S5 units on launch day as opposed to its predecessor, investors are now optimistic about Samsung’s profit margins. A report cites Samsung insiders, who claim that the company aims to ship as many as 35 million Galaxy S5 units within this quarter.

35 million target is believed to be the bottom line, Samsung might believe that it could ship more than that within the quarter. It is possible, global launch day demand was already quite high and since then the demand has doubled in several European markets. Meeting the bottom line is expected to rake in about 17 trillion won in profit for Samsung.

Obviously one must understand that shipments don’t equate to sales. The outlook may be positive on paper, but even if Samsung ships 35 million Galaxy S5 units that doesn’t mean it sells the exact same number of units. Last year the company took the entire first quarter to sell 20 million units of Galaxy S4, selling 35 million units certainly won’t be an easy task. Though since Galaxy S5 is one of the most hotly anticipated smartphones of this year, at least Samsung can expect it to perform quite well in the market.

Filed in Cellphones. Read more about Galaxy S5 and Samsung.

Key SpecsGalaxy S5
StatusReleased
Resolution1920x1080
Size (Diagonal, Inches)5.1"
Processor NameSnapdragon 801
4-core
2.5 GHz
Max. Total Storage Capacity160 GB
Megapixels16 MP
Battery Capacity (mAh)2800 mAh
Street Price$590
Complete product dataSamsung Galaxy S5 Full specs
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