Samsung sets initial production target of 10 million Galaxy S8 smartphones

Seoul: Samsung Electronics Co Ltd has set an initial production target of 10 million Galaxy S8 smartphones, South Korea`s Electronic Times reported on Thursday, citing unnamed sources.

Samsung is counting on the S8 to rejuvenate sales after it scrapped the Galaxy Note 7 smartphones last year in one of the biggest product safety failures in tech history.

The firm has yet to disclose what caused some Note 7 phones to catch fire on their own.

The newspaper said the world`s top smartphone maker would start production in March and planned to start selling them in April. Galaxy S7 phones went on sale in March last year.

A Samsung spokesman said the company did not comment on speculation.