By 24/7 Wall St.
There are already nine million worldwide preorders for the Galaxy S III, Samsung's soon-to-be-launched flagship smartphone. The number is incredible when compared to Apple's four million iPhone 4S units sold in the first weekend it was on sale last year. The Samsung phone, considered by some analysts to be an iPhone killer, will go on sale in the U.K. this month and in the U.S. before the end of summer.
Until a few months ago, it was widely assumed that Apple's share of the smartphone market would be so large for so long that no single formidable competitor would arise. Google's Android operating system made it relatively easy for handset companies to adapt and build their own smartphone software. But the market for Android handsets was crowded and included several of the world's largest smartphone manufacturers--HTC, Motorola, LG and Samsung. The large number of competitors with strong balance sheets or large parent companies meant there was a good chance the AndroidRead More »from Is Samsung Galaxy the iPhone Killer?