Samsung to unveil latest Galaxy smartphone in late Feb

SEOUL Tue Feb 4, 2014 9:30am IST

People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012. REUTERS/Kim Hong-Ji/Files

People walk at a Samsung Electronics store in the Gangnam area in Seoul October 22, 2012.

Credit: Reuters/Kim Hong-Ji/Files

Related Topics

Stocks

   

SEOUL (Reuters) - Samsung Electronics Co(005930.KS) will unveil a new version of its flagship Galaxy S smartphone this month, but expectations are low that features such as a bigger screen will lead to a sharp jump in sales given intensifying competition.

Samsung sent out invitations on Tuesday for "Samsung unPacked 5" event on February 24 at the Mobile World Congress in Barcelona. The launch has been brought forward by around three weeks after sales of Samsung's S4 came in weaker than expected, analysts said.

The world's biggest smartphone maker is bracing for its weakest mobile annual profit growth in seven years amid fierce competition from Apple Inc (AAPL.O) and Chinese vendors, and as growth for high-end smartphones eases due to near saturation in many markets.

The S5 is widely expected to feature a bigger screen, an improved rear camera and biometric functions such as iris recognition or a fingerprint scanner. It may also come with an improved Galaxy Gear smartwatch.

The launch at the annual industry gathering is set to reflect a new emphasis on costs, marking a departure from the glitzy marketing Samsung has deployed in the past, including the use of actors and a full live orchestra to launch the S4 at New York's Radio City Music Hall last year.

A bigger screen for the S5 may not become much of a selling point as Apple is widely expected to introduce large-screen smartphones - Samsung's mainstay products - later this year. Apple is also expected to gain ground in China after it began selling iPhones through China Mobile (0941.HK), the world's biggest mobile carrier by subscribers, last month.

More challenges may come from China's PC maker Lenovo Group (0992.HK) which announced last week it would buy Google Inc's (GOOG.O) Motorola Mobility handset unit for $2.9 billion.

(Reporting by Miyoung Kim; Editing by Edwina Gibbs)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

ANTI-TRUST PROBE

Reuters Showcase

New iPhone

New iPhone

New Apple iPhone to have "mobile wallet" function - Bloomberg  Full Article 

Wearable Gadgets

Wearable Gadgets

Swatch prefers go-it-alone route for smartwatch plans.  Full Article 

Google Drones

Google Drones

Google tests drones for deliveries.  Video 

Hot Commodity

Hot Commodity

Data scientists are increasingly becoming important to the world's tech companies.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage