Sunday, August 03, 2014

Samsung Gives Some Details On Two New Devices

Just like everyone else, Samsung reported their Quarterly earnings about a week ago. Generally the information is only for analysts, but there were a few surprises for consumers too! Executives at Samsung teased us with two new devices that are going to be making their way into the market over the next few months.

The first device we got teased with is a smartphone with a really big screen. Most people believe that it is going to be the next installment of the Galaxy Note series as a follow up to the 5.7 inch Galaxy Note 3. This device is probably going to be announced at some point early next month, probably at the IFA trade show in Berlin because that is where they unveiled the Note 3.

The other model really hasn't had any speculation for it because there wasn't that much information given. Basically Samsung just said that there is going to be a very nice new model coming out that uses new materials and new displays. This could suggest a screen that is flexible, or even maybe something that would compete with what people are saying the iPhone 6 is going to have. Either that, or it could be the new Galaxy Alpha that has been rumored for quite some time. It is supposed to be an all metal smartphone. The only thing is that none of the rumors for the Alpha that have surfaced have been about the display at all. So who knows?

As for Samsung in general, they have seen better days as far as sales go, so it would be a good time to step up their game with some fresh new products that people will really want. Their net profits fell 30 percent from this same time last year and revenues fell by 8.9 percent. This is the first time since 2011 that the company has posted a year to year loss. But with the suffering economy, it seems that lots of companies in this industry are suffering a little bit more than usual this year.

They also blame the increasing amount of competition popping up and the fact that they have overestimated the demand for their own line of products. The mobile division of Samsung dropped 30 percent in operating profits from this time last year, contributing 61 percent to Samsung's as opposed to the 76 percent from the first quarter of this year.

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