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More signs point to the Galaxy S5 being a winner

Published Apr 16th, 2014 8:00PM EDT

When Samsung launched the Galaxy S5, it did so amid fears that the smartphone market was becoming saturated. However, based on recent reports about launch-day sales of the S5, it looks like Samsung will do just fine this year. According to a report from CNET, the Samsung Galaxy S5 sold at more than twice the rate on its first day at U.K. mobile phone retailers Phones 4U and Carphone Warehouse.

This is in line with earlier reports that also suggest the S5 has been a major success so far. On Monday, ZDNet Korea reported that European launch-day sales were up between 30%–100% from last year, and on Tuesday, the Korea Times reported that Samsung had shipped 1.3 times as many S5 units as it did S4 units over the same time last year. Samsung is also expected to ship as many as 35 million S5s in Q2 alone. Samsung’s VP of product strategy Yoon Han-kil also confirmed the higher numbers, telling Reuters that the S5 is “selling faster than the S4 so far.”