Samsung, the world's largest mobile phone maker, expects the Galaxy S3, the most advanced smartphone in its portfolio, to sell faster than previous models and to exceed 10 million units by July, informs Bloomberg.

The company estimates that these sales will make the revenues of the mobile division in the second quarter of this year to exceed those recorded in the previous quarter. Samsung shares on the stock market in Seoul are dropping, due to the speculations according to which the results will be under estimated by some analysts.

Galaxy S3, the most advanced smartphone produced by Samsung and the most important rival to Apple’s iPhone began to be sold in Europe in late May and in the U.S. on June 21.

As regards global phones sales (not only smartphones), estimates made on April 27 by the research company Strategy Analytics show that Samsung would have sold 93.5 million phones in the first quarter of this year, up by 36% from a year earlier. In the same period, Nokia would have sold 82.7 million phones, down by 24% and Apple would have sold 35.1 million terminals, up by 89% over the same period in 2011.

Samsung would have sold 44.5 million smartphones in the first three months of this year, according to the same research company.

South Korean manufacturer is currently investigating a complaint made on an online forum in Ireland regarding a Galaxy S3 model that would have unexpectedly caught fire, possibly due to the battery overheating. Samsung officials insist that preliminary data show that the destruction of the phone would not have been caused by the explosion of the battery.

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