Seoul (AFP) - Samsung said on Thursday it expected its new flagship smartphone to shatter sales records and pull the company out of a recent profit slump that saw it lose ground to arch-rival Apple and cheaper Chinese makers.
SEOUL, SOUTH KOREA: Samsung Electronics Company forecast a fall in second quarter profit in a sign that sales of its much anticipated Galaxy S6 smartphones failed to meet expectations. Samsung on Tuesday estimated its second quarter operating profit at 6.9 trillion won ($6.1 billion), down 4 percent from a year earlier. The result represents a 15 percent gain from the previous quarter but it was lower than the 7.23 trillion won forecast in a FactSet survey of analysts.
SUWON, South Korea (Reuters) - Samsung Electronics Co plans to sell a variation of its flagship Galaxy S4 smartphone that will transmit data at nearly twice the normal speed, the head of its mobile business said on Monday. J.K. Shin, also co-chief executive of the world's biggest technology firm by revenue, said the phone would be sold in South Korea as early as this month.
Samsung will unwrap its latest blockbuster smartphone, the Galaxy S4, at the Radio City music hall in New York on Thursday evening as the South Korean phonemaker tries to bring the fight to Apple's home market.