NEW YORK/SEOUL (Reuters) – Samsung unveiled a new version of its Galaxy Note smartphone on Wednesday, with fast 5G network, and a much better camera, in the hope the premium model is helping to revive declining earnings and a widening of the gap between struggling arch-rival, Huawei.
Samsung Electronics ‘ President and chief executive officer of Dong Jin Koh speaks at the launch of the Galaxy Note 10 at the Barclays Center in Brooklyn, New York, New York, united states of america, August 7, 2019. REUTERS/Eduardo Munoz
Samsung’s (005930.KS), has emerged as the biggest beneficiary of the Smartphone, the issues in the second quarter, with a nearly 7% jump in smartphone sales, as the Chinese company sold fewer phones in the market, and after that it is on a US trade blacklist in May.
With an emphasis on an improved video and photography features, which has helped Huawei Technologies, the world’s No. 2 mobile phone vendor, Samsung is hoping the Galaxy Note 10 it will not appeal to the youtube viewers and fans on social media.
Along with the first foldable phone, the big screen the Note 10, was unveiled at an event in New York city on Wednesday, the South Korean tech giant, it is the most important thing in new product is planned in the second half of the year, with the expansion of its mobile revenue.
Using two screen sizes of 6.3 cm and 6.8 cm, and the Note, 10 features enhanced video effects such as ‘augmented reality’ and the stabilization mode, and a front-facing camera is located on the top right of the screen for better selfies. The lack of a headphone jack, and a tweak to Apple Inc’s (AAPL.(O) will be created to the smart phones of three years ago.
The phone will go on sale Oct. 23, and square off against Apple’s new iphone, which is widely expected to be available later this year.
Samsung declined to reveal the sales target and pricing details for the new Note to the series, but said it was expected that a higher volume of sales than its predecessor, Note: to 9 of the models.
Analysts expect similar distributions of approximately 9.6 million units, the price is likely to be the most important factor in a weak market. The global smartphone market, shrank by 3% in the previous quarter, according to research firm Strategy Analytics.
“It is difficult to expect that the strong sales of the new Notes, with just a few improvements to the features and functions of the camera,” said Park Sung-soon, an analyst at Cape Investment & Securities.
Samsung is reeling from the reduction in the profits in the mobile division due to weak sales of the flagship models, even if amplified, the overall shipments by 6.7% and has remained at the top with a market share of 22% in the second quarter of the year.
The first foldable phone, the Galaxy Box is set to go on sale in September, but analysts say the headlines about the glitches in the sample, the Folds will be to dampen consumer excitement around the launch.
Reporting by Angela Moon in New York, and Ju-min Park in Seoul; Additional reporting by Paul Sandle in London; Editing by Miyoung Kim and Stephen Coates