Samsung's mobile business president Shin Jong-kyun said on Monday that the Galaxy S III will reach the milestone two months after its launch.
The estimate reflects robust demands from mobile operators. Unlike Apple Inc., Samsung does not disclose sales figures to consumers.
The Korean company says the S III will be released by nearly 300 mobile carriers around the world by the end of July.
Samsung overtook Nokia as the world's biggest mobile-phone maker in 2011 and competes with Apple for the top smartphone maker position. It aims to double its smartphone sales this year to nearly 200 million phones.
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