Samsung Elec sees green shoots in China smartphone business: co-CEO

SEOUL - Samsung Electronics Co Ltd said on Wednesday its new Galaxy flagship smartphones were selling well in China and it was confident it could reverse the recent slump in its fortunes in the world’s biggest smartphone market.

Samsung’s market share has plunged from about 20 percent in 2013 to less than 1 percent currently as fast-growing Chinese rivals such as Huawei Technologies Co Ltd proved more agile in responding to the latest trends. “I think our flagship and mid-price models, these two products will bring a lot of change to the China market ... I am positive.”

The South Korean tech giant is pinning its hopes for a fight-back on its latest handset featuring a big, bending screen and the first 5G connection in a premium phone, a feature analysts do not expect Apple Inc to match until 2020.The upbeat outlook for mobile devices in China contrasts with the company’s more pessimistic take on 2019, with trade tensions, weak economic growth and softer demand for memory chips expected to weigh on operations.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

GE shares rebound as CEO Culp sees power business bouncing back next year: 'Game on'GE shares rose in premarket trading as CEO Larry Culp gave investors an upbeat long term outlook on the company's struggling power business.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Talk to 'Green New Deal' backers, BP CEO tells oil industryThe oil industry should engage with proponents of the 'Green New Deal,&quot... 'Tell them that sometimes accidents happens, and they should be careful with their kneecaps.' I hope he is serious and sincere because this could be hugh for the future of our environment and economy. There is no reason why the biggest contributors to the problem can't be part of the solution...and make money doing it! Not happening overnight...but sooner than later. Read: moving some investments into nuclear. Just my take.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »