Samsung seeks to revitalize weak smartphone sales with Note 9
[THE INVESTOR] Samsung Electronics is betting on the Galaxy Note 9 to revitalize its sluggish smartphones sales, although it is still uncertain that the upcoming phablet will appeal to customers in the wake of weak demand for the Galaxy S9, industry watchers said on Aug. 8.
The Korean tech giant’s IT and mobile business managed to post an operating profit of 2.6 trillion won (US$2.30 billion) in the April-June period of 2018, falling sharply from 4.06 trillion won posted a year earlier.
According to the data compiled by Strategy Analytics, Samsung Electronics shipped 71.5 million units of smartphones in the second quarter to account for 20.9 percent of the market, but its share marked a 1.7 percentage-point decrease from the same period a year earlier.
The dip apparently came as the Galaxy S9, released earlier this year, failed to grab the market‘s attention, with Chinese rivals also eating into Samsung’s market share with their price-competitive devices.
Industry observers claim that the customers have become more price conscious when purchasing smartphones, with Samsung also failing to deliver distinctive features.
In a struggle to revitalize the smartphone segment, Samsung plans to release the Galaxy Note 9 some three weeks earlier than the predecessor Galaxy Note 8.
Samsung has not yet provided details on the Galaxy Note 9, but the device is widely expected to come with an improved stylus equipped with Bluetooth connectivity that will allow the phablet to perform more tasks compared with the previous model.
Other potential specifications include a slightly larger 6.4-inch display, 4,000 mAh battery, and improved connectivity to the Samsung DeX system, which allows users to connect smartphones to a full-sized monitor.
The showcase event for the Galaxy Note 9 will be held in the United States on Aug. 9.
By Song Seung-hyun and newswires (firstname.lastname@example.org)