Galaxy S III sales to hit 10 million next month

SEOUL, South Korea (AP) — Samsung Electronics Co. expects worldwide sales of the latest Galaxy smartphone to surpass 10 million in July.

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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Samsung, LG bet on new display to revive TV sales

SEOUL, South Korea (AP) — South Korean TV manufacturers are making billion-dollar bets on a new display technology that promises an even thinner screen and imagery of eye-popping clarity. It might prove to be a costly last gasp of innovation from an industry finding it harder to excite consumers wowed by smartphones and tablets.
Undeterred by a flop in 3-D TV and a failure of Internet-connected TVs to boost sales, Samsung Electronics Co. and LG Electronics Inc. are hoping "OLED" technology will keep them ahead. The intensely competitive business has already caused Sony's TV business to lose money for the past eight years.