Samsung Electronics, “the struggling South Korean phone maker, unveiled two snazzy new models on Thursday at Lincoln Center’s Alice Tully Hall in New York City: the Galaxy Note 5 and the Galaxy S6 Edge+,” Aaron Pressman reports for Yahoo Finance.
“But there was no sign of a change in approach that might help Samsung claw back the market share it has lost to Apple’s iPhones at the high end and to Chinese competitors Xiaomi and Huawei at the low end,” Pressman reports. “Shares of Samsung, which have lost 14% in the past three months, fell 1% on Thursday.”
“The new Galaxy S6 Edge+ has the same attractive curved glass screen as Samsung’s S6 Edge released four months ago, but with even bigger dimensions,” Pressman reports. “The screen is 5.7 inches measured diagonally versus the 5.1-inch screen on the earlier model. A new Galaxy Note 5 updates last year’s model, which already had a 5.7-inch screen, in a lighter, thinner package.”
“The phones, available on Aug. 21, will go to head-to-head with Apple’s iPhone 6+ and its 5.5-inch screen. Of course, Apple is expected to announce an update to the 6+ next month,” Pressman reports. “Samsung also made news on Thursday about its mobile payment app, Samsung Pay, announcing that the service will be available in the United States starting on Sept. 28.”
“Even after the release of the Galaxy S6 Edge earlier this year and its flat-screen counterpart the Galaxy S6, Samsung suffered a 38% drop in operating profit during the second quarter from a year earlier. Its quarterly mobile profits are now less than half what they were just two years ago, at the peak of the company’s mobile dominance in 2013,” Jonathan Cheng and Ryan Knutson report for The Wall Street Journal. “Compounding the pain, Samsung has lost market share in the wake of last year’s release of two hit Apple products, the iPhone 6 and iPhone 6 Plus with its larger screen. Those products cut deeply into Samsung’s dominant position in larger-size premium handsets—a corner of the market that it had mostly to itself.”
Read more in the full article here.
MacDailyNews Take: More yawns out of Suwon.
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Samsung Galaxy S6 phones suffer weaker than expected sales in South Korea homeland – April 22, 2015
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