Samsung Projected to Sell Over 500 Million Phones in 2013

From billion dollar settlements to the next big thing and everything in between, it has been a crazy year for Samsung. Nonetheless, Samsung is still projected to ship out a total 420 million phones in 2012.

According to The Korea Times, Samsung expects to do even better in 2013, selling 510 million phones. the majority of those phone will be smartphones (390 million) and the rest will be feature/discount phones (120 million).

Kim Hyun-joon, an executive of Samsung’s telecommunications division noted the following:

“There are some possibilities that smartphone demand will slow in general. But we are seeing new demand for devices using Long Term Evolution (LTE)”

With China’s mobile market still exploding, it is hard to believe that the mobile industry will slow anytime soon. Furthermore, the majority of current mobile users will continue to upgrade their devices on a 2 or 3 year basis. If Samsung’s projections are true, they will surely remain #1 in terms of phones and even gain a leg up on Apple.

Has Samsung truly become the dominant force in the mobile industry? What do you think Samsung will do next with so much revenue? Let us know in the comments below.

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