Updated  
April, 11 2014 10:22:00

Samsung flagship smartphone goes on sale worldwide

SEOUL — The latest version of Samsung's flagship Galaxy smartphone series went on sale worldwide Friday, days after the electronics giant announced it was facing a second consecutive quarter of profit decline.

The Galaxy S5 has a lot riding on it to steer the South Korean firm's profit-making machine back on track as growth in smartphone sales slows, with mature markets like North America and Europe near saturation.

Reviews of the S5 have mostly concluded that it is one of the best high-end smartphones on the market, but there is also a general consensus that it lacks the "wow" factor to differentiate it from its predecessors and competitors.

"It can swim, but it won't make any waves," was the verdict of the Wall Street Journal, referring to one innovation in the S5's waterproof covering.

Samsung's mobile unit has been the driving force behind the record profits of recent years, and it needs the S5 to perform well as a retort to the doom-mongers who say the company lacks a clear strategy to flourish in an increasingly competitive, saturated market.

Samsung made more than 30 per cent of all smartphones sold in the world last year, nearly twice the share of its arch-rival Apple.

But on Tuesday, the company estimated its first quarter operating profit at 8.4 trillion won ($7.96 billion), marking a second straight year-on-year decline.

In a sign of the challenge the company faces, the S5 was priced lower at its commercial launch Friday than the previous S4 model.

Research firm IDC estimated the average selling price of smartphones will fall to $265 globally by 2017 from $337 in 2013 and $387 in 2012.

Samsung is believed to have reduced its marketing spend on the S5 and is also under pressure to set aside more cash for legal bills as years-long patent battles against Apple continue.

The two have locked horns in patent suits in several nations involving design and technologies on their smartphones and tablet computers.

A fresh patent trial opened in the United States last week, with Apple vowing to prove that Samsung flagrantly copied iPhone features and should pay more than $2 billion in damages.—  AFP

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Russia economic gloom hurts tourism Russia economic gloom hurts tourism

The number of Russian tourists arriving in Viet Nam is expected to decline at the beginning of 2015, due to the devaluation of the ruble in Russia.

PM calls for police to remain vigilant 1    PM calls for police to remain vigilant

Prime Minister Nguyen Tan Dung yesterday urged police nationwide to step up vigilance next year against the nefarious designs of hostile and criminal forces.

New detox policy sees theft decline 1    New detox policy sees theft decline

HCM City has seen a slight decrease in the number of thefts, robberies and drug sales two weeks after deciding to send drug addicts without a stable residence to two local centres, according to local police.

New sitcom draws teen viewers New sitcom draws teen viewers

5S Online, a popular new sitcom aimed at teenagers, demonstrates that the sitcom genre is catching on in Viet Nam.

Viet Nam faces forestry restructuring hurdles Viet Nam faces forestry restructuring hurdles

Viet Nam needs to tackle several major challenges in order to restructure its forestry sector, said Nguyen Xuan Quat, a professor at the Research Institute for Sustainable Forest Management and Forest Certification.