Powered by a quad core processor and dazzled with a 4.8-inch Super AMOLED HD display, Samsung's newest flagship smartphone Galaxy S3 has surely delivered and lived up to the expectations of Samsung fans all around the globe. And according to the handset's latest sales figures, people indeed embraced it like a glass of ice cold lemonade on a hot day.

The South Korean tech giant announced last month that it was expecting Galaxy S3 to surpass 10 million sales figures by the end of July. Sunday, a report by Korean news agency Yonhap News said that the company in fact hit that milestone in less than two months after its official release in May.

Head of Samsung's mobile division Shin Jong-kyun told the news agency that the Galaxy S3 has become a 10-million seller since it was unveiled. While Jong-kyun didn't give any exact numbers, the 10 million units sold until now roughly translate into 190,000 units of Galaxy S3 being sold every single day.

These figures also place Galaxy S3 well ahead of its predecessor, Galaxy S2, which took five months to hit 10 million shipments.

The device has apparently outshone Apple's iPhone 4S as well. The existing iPhone 4S reportedly sold four million units, including pre-orders, during its launch weekend. On the other hand, in the first two weeks following its unveiling, Galaxy S3 received over nine million preorders from a hundred carriers.

According to the Yonhap News report, Galaxy S3 sales should remain strong in the third quarter since Samsung's arch rival Apple is not expected to unveil its next generation iPhone, aka iPhone 5, until September or October. The company said in June that the Galaxy S3 was planned to be shipped to 302 wireless carriers in 147 different countries worldwide by the end of July.

For the whole of 2012, sales of the smartphone that runs on the Android latest 4.0.4 'Ice Cream Sandwich' operating system, and features a 4.8-inch screen with Samsung's Exynos 4 quad core processor, could top the 40 million mark, making it an all time high for phones made by the South Korean tech giant, said the report.

Based on a poll, Reuters reported last week that Samsung increased its lead over both Apple and Nokia in the global cellphone market in the second quarter, thanks to the strong demand and large marketing campaigns for its latest flagship model, the Galaxy S III.

As per the poll of 41 analysts, Samsung shipped 50 million smartphones in the quarter, compared to Apple's forecast sales of 30.5 million iPhones.

Samsung is expected to be the smartphone hero in the second quarter, Reuters quoted IDC analyst Francisco Jeronimo as saying. We are also expecting to see the biggest smartphone volumes ever shipped from one single vendor in one quarter, driven by strong demand of the Galaxy portfolio, particularly the Galaxy S II and S III.

In the U.S., Samsung Galaxy S3 features a Qualcomm Snapdragon S4 processor. On the other hand, the international models of the smartphone are powered by the quad-core Exynos 4 chipset including the Korean version, which supports the 4G LTE technology.

Other significant features of the U.S. variants of Galaxy S3 include a 4.8-inch HD Super AMOLED display, surrounded by an ultra-thin bezel to maximize the viewing area of the handset, Android 4.0 Ice Cream Sandwich, 4G LTE connectivity, 2GB of RAM, an 8 MP rear-facing camera, a 1.9MP front-facing camera and a 2100 mAh battery. From the connectivity part, Galaxy S3 comes with NFC, Bluetooth 4.0, DLNA and WiFi 802.11 a/b/g/n. It weighs 4.7 ounces (133.24 grams) and is 8.6 millimeters thin.