Samsung could move 46 million Galaxy S6 units this year
A CitiBank analyst has raised their price target for Samsung stocks on the heel of increased sales forecast for the new Galaxy S6 flagship handset. The bank predicts that Samsung will ship 46 million Galaxy S6 this year, starting with 8 million for the month of April alone.
This is quite the boost from the previous forecast of 38 million, and goes to show that those rumors about strong demand aren't just gum-flapping. Before the launch we heard that Samsung's internal forecast was for 50 million S6 units sold this year, of which 10 million were set aside for the S6 edge sales, but the company will seemingly have to revise these upwards, if all goes well.
The analyst, Henry H Kim, also expects "positive chain impacts on the mid- to low-end market leadership and in-house component businesses (overall DRAM/NAND memory with content growth, mobile AP LSI and AMOLED display panel)," resulting from the expected uptick in Galaxy S6 sales.