Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Slideshow
Video
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Samsung unwraps latest Galaxy rival to iPhone
3:45am EDT
China paper calls Chen a U.S. pawn; envoy is a "troublemaker"
1:13am EDT
California medical pot crackdown hits upscale Santa Barbara
03 May 2012
Obama administration urges freer access to cellphone records
03 May 2012
Yoga for jets: why planemakers prefer bent wingtips
03 May 2012
Discussed
132
One in seven thinks end of world is coming: poll
113
Suicides have Greeks on edge before election
80
As America’s waistline expands, costs soar
Watched
Printable house presents new paradigm in eco-architecture
Thu, May 3 2012
Windy weather makes for dramatic plane landings in Spain
Thu, Apr 26 2012
Hungry zoo lion faces off with unfazed toddler
Thu, May 3 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Tallest skyscrapers
The tallest buildings in the world right now. Slideshow
Mexican Lolita
The so-called "Lolita" style has found its way to Mexico. Slideshow
Samsung unwraps latest Galaxy rival to iPhone
Tweet
Share this
Email
Print
Related News
In a Samsung Galaxy far, far away ... will Android still rule?
Thu, May 3 2012
Nokia defends strategy to exasperated investors
Thu, May 3 2012
Samsung unwraps latest Galaxy rival to iPhone
Thu, May 3 2012
Nokia and Carl Zeiss extend camera phone deal
Wed, May 2 2012
Galaxy phones power Samsung to record $5.2 billion profit
Fri, Apr 27 2012
Analysis & Opinion
Apple’s valuation isn’t at risk any time soon
Essential reading: Microsoft’s Nevada tax break, debating Apple’s tax rate, and more
Related Topics
Tech »
Media »
Related Video
Samsung unveils latest flagship smartphone
Thu, May 3 2012
1 of 2. A man uses Samsung Electronics' new Samsung Galaxy SIII smartphone during its launch at The Earls Court Exhibition Centre in London May 3, 2012.
Credit: Reuters/Ki Price
By Paul Sandle and Tarmo Virki
LONDON/HELSINKI |
Fri May 4, 2012 4:09am EDT
LONDON/HELSINKI (Reuters) - Samsung Electronics (005930.KS) unveiled a new top-of-the-range Galaxy smartphone in London on Thursday, updating the most direct rival to Apple's (AAPL.O) iPhone with a larger touch screen and more powerful processor.
The South Korean technology group, which overtook Finnish company Nokia (NOK1V.HE) as the world's biggest cellphone maker earlier this year, said the new Galaxy SIII model would go on sale in some markets in late May and around the world from June.
Last week, Samsung reported a record $5.2 billion quarterly profit, boosted by Galaxy smartphone range whose sales outstripped the iPhone.
Samsung sold around 45 million smartphones in the first quarter and contributed most of its operating profit.
The new Galaxy SIII model will have a 4.8 inch touch screen, 8 megapixel camera and will use the latest version of Google's (GOOG.O) Android software.
Analysts said the expected massive marketing campaign and features of the handset - billed as the official smartphone of the London 2012 Olympics - were likely enough to generate strong sales, but the launch left many of them unexcited.
"It is not an eye-catching device that will overwhelm consumers," said IDC analyst Francisco Jeronimo.
The blue lights in the launch venue downtown London, echoing the cold rainy day outside, and the background sounds of nature, which Samsung said inspired the design, resulted in a fairly muted atmosphere in the room.
BIGGER BUDGET, BIGGER SALES
Won-Pyo Hong, head of product strategy at Samsung's mobile business, said it expected sales of the Galaxy SIII to outstrip predecessor SII's more than 20 million units.
"Definitely, we expect so. The level of interest from our partners has been bigger," Hong told Reuters in an interview. He said the marketing budget would also increase, even if brand awareness was already quite high.
"We need to spend more on marketing to address consumer interest and to meet requirements of our partners," he said.
Analysts said the new device represented a formidable challenge to rivals, given a combination of the Galaxy brand, sales support from operators and heavy marketing.
"Samsung must make the most of a 4-5 month window of opportunity with the Galaxy SIII before Apple changes the game once more with its next generation iPhone," said Geoff Blaber, analyst at CCS Insight.
The new Galaxy will be powered by Samsung's quad-core microprocessor, which the company hopes will also be used in handsets made by HTC (2498.TW) and Motorola (MMI.N), as well as Apple, its biggest customer for components.
The Exynos 4 Quad, based on British chip designer ARM Holdings (ARM.L) Cortex A9 technology, enables more tasks in a shorter period of time - for example streaming video can run on one core while the other cores update applications, connect to the web and scan virus-check, simultaneously.
ON TOP OF SMARTPHONE WORLD
Apple and Samsung's near duopoly in high-end smartphones was not expected to come under threat this year or next.
"Samsung is now the only company that can compete with Apple and challenge it in the smartphone segment," said IDC's Jeronimo.
Samsung shares hit a lifetime high after its first-quarter results, pushing its market value to $190 billion, 11 times that of Japanese rival Sony (6758.T), though still only a third of Apple's, the world's most valuable company.
In stark contrast shares in Nokia, whose betting on a tie-up with Microsoft (MSFT.O) to revive its fortunes in the lucrative smartphone market, are at a 15-year low. Nokia said last month it would make a first-half loss as it struggles to revamp its product line.
Technology research firm Ovum said in a note on Thursday it expected Microsoft to establish its Windows Phone as a relevant smartphone platform only by 2017.
At its annual meeting on Thursday, Nokia's chairman-designate defended the group's turnaround strategy to investors losing patience with its efforts to catch up.
(Reporting By Tarmo Virki and Paul Sandle; Editing by Dan Lalor)
Tech
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.