Galaxy S5 outselling predecessor so far: Samsung

April 21, 2014 12:04 pm

Samsung Electronics has said the new Galaxy S5 smartphone is outselling its predecessor and defying predictions that the South Korean firm’s latest model will struggle in a tough market for high-end handsets, Reuters has reported. “(The S5) is selling faster than the S4 so far, though it’s difficult to share specific numbers as we’re still at early stages,” Yoon Han-kil, senior vice president of Samsung’s product strategy team, told the news service. The world’s biggest smartphone maker has slashed prices of the S5, which rolled out globally on Friday, offered a gift pack worth $600, and more than doubled the number of initial launching countries to 125 in a bid to sustain growth in the mobile business, which generates 70% of its total profit.