Samsung Electronics said that global shipments of its new flagship Galaxy S4 smartphone will hit 10 million less than a month after it went on sale, beating the sales pace of its predecessor the Galaxy S III.
Apple and Samsung Electronics once again gobbled up all of the operating profits in the global smartphone industry in the first quarter, according to a new report from investment research firm Canaccord Genuity, as has been the case the past several quarters.
HTC executives sidled past the company's record-low profit for the first quarter and instead looked ahead to the future, predicting sales will rise almost two-thirds sequentially in the second quarter thanks to sales of the company's new flagship smartphone, the One.
Samsung again posted massive quarterly profits driven largely by the company's smartphone sales, but the company's warnings about increasing competition and a short-term slowdown in demand dampened its overall tone. Samsung shipped 70.7 million smartphones in the first quarter, according to research firm IDC, giving the company a market-leading 32.7 percent share in the period.
HTC's flagship One smartphone, which the company is counting on to boost sales, launched today via AT&T Mobility, Sprint Nextel and will soon be available from T-Mobile USA. HTC's market share in the United States has been under assault in the past year from both Samsung Electronics and Apple, and the One launch comes just days ahead of Samsung's U.S. launch of its own flagship, the Galaxy S4.
As expected, Samsung Electronics is bringing its flagship Galaxy S4 to a bevy of U.S. carriers--and the operators are tripping over themselves to offer deals tied to the phone in an attempt to boost sales.
Leave it to Walter Mossberg to explain what should be glaringly obvious to the entire world. In a recent Wall Street Journal column the gadget guru addressed a question that probably still comes off the lips of its executive readers who buy a Windows Phone 8 device and wonder why it doesn't have Siri.
The ambition to be a platform is a burning one right now. But not every company can be a platform, and not every company should try.
Samsung Electronics said it expects its first-quarter operating profit to be around $7.7 billion, up 53 percent from around $5.02 billion in the year-ago period and beating analysts' estimates. The company, even without the soon-to-be-released Galaxy S4, still managed to produce strong smartphone sales in the period, analysts said.
Samsung Electronics is throwing down the gauntlet to Apple and every other electronics and smartphone maker by partnering with Best Buy to open 1,400 "Samsung Experience Shops" within Best Buy locations nationwide. The store-within-a-store concept will allow Samsung to highlight its wares and demonstrate how its smartphone, tablets, TVs, laptops, cameras and other connected devices interact.