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The Yonhap News Agency, citing research findings from investment bank UBS, reported Wednesday that the South Korean electronics giant will sell 61.5 million units of smartphones in the October-December period. This is an increase of 5 percent from an estimated 58 million units in the previous quarter, it noted.
The shipment volume could go up to as high as 63 million depending on sell-through, or the amount of devices actually sold to consumers, it added.
Samsung's Galaxy Note 2, the smartphone-tablet hybrid released in September, will be a key contributor to the company's growth.
Nicolas Gaudois, an analyst at UBS, said in the report: "The Galaxy Note 2 has shipped 3 million units in its first five weeks of sales, with sell-through strong in Asia and Europe, and the U.S. gathering pace post-launch. We hence forecast 7 million Galaxy Note 2, compared to our initial expectation of 5 million for the fourth quarter."
SOURCE: Kevin Kwang