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HONG KONG (MarketWatch) - Samsung Electronics Co.'s latest 3G handset is set to reach a milestone of unit shipments faster than had been anticipated, according to research by Macquarie Securities, which cited contact with component suppliers for the device. Samsung's Galaxy S III, due to launch in Europe later in May, should reach the 10 million mark in terms of global total shipments in the third quarter, about five months earlier than the Galaxy S II from the time of its launch, and seven months earlier than the Galaxy S, according to Macquarie. Macquarie said its forecasts of 3G handset shipments by Samsung this year now appear too conservative. "We believe the GS3 has little competition in the premium smartphone market until Apple's widely expected launch of the next iPhone in September," The broker also presented graphical data as showing that Samsung's share of the global smartphone market is set to rise while Apple Inc.'s share is to flatten. Samsung shares ended Thursday's session in Seoul down 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.





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