bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 18.08.2017 | Name days: Liene, Helēna, Elena, Ellena, Liena

Samsung reveals Galaxy S4; investors sell off shares

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

While Samsung Electronics‘ latest iPhone challenger, the Galaxy S4 with its range of gimmicky features including motion tracking technology, was the talk of the day, investors sold off shares of the company on Friday, March 15, following the launch of the highly-awaited gadget.

Shares of the world’s largest smartphone maker declined 2.6 percent to 1.48 million won ($1,334) in Seoul, but analysts were not worried saying the market had already priced in the hype and a similar movement in the company’s shares followed the launch of the Galaxy S3 last year, as well.

Foreign investors sold a net 589 billion Korean won ($531.04 million) worth of KOSPI shares, the most since September 2011. Samsung Electronics, which accounts for nearly a fifth of the KOSPI’s market capitalisation, fell by 2.6 percent, according to Reuters.

“This is selling on the news as most of the features were already highly anticipated. There wasn’t much positive surprise. Most of it was leaked already – the screen size, processor, smart pause and eye scrolling – a few days ago,” said Mark Newman, an analyst at Stanford Bernstein.

The GS4 looks a lot like the Galaxy S III or the Galaxy Note 8. A lot. The phone’s nearly the same size as its predecessor, despite having a larger 5-inch, 1080p Super AMOLED screen that is the first of its kind in a smartphone. The GS4 is taller but thinner (just 7.9mm) than the GSIII, and is lighter as well, writes The Verge.

The Galaxy S4 sports a 5-inch screen, compared to the iPhone 5’s 4-inch screen, and offers functions including ‘Smart Scroll,’ which enables users to scroll without touching the screen. It tracks the users’ face to tell where they are looking.

The most ambitious of Samsung’s new features is S Health, which Samsung has made vastly more powerful — it now amounts to Samsung putting a Fitbit or Jawbone Up into your phone. The GS4 has a pedometer built in, plus temperature and humidity sensors, which can automatically detect your surroundings and your exercise levels. You can input how much you eat and sleep, too, and get all the data you’d expect from an external device right on your phone. There’s even a companion wristband, the S Band, that syncs via Bluetooth to your phone for those moments you’re walking around without your phone in your pocket.

Samsung loves to talk about how its devices work together, and the newest feature for GS4 owners is Group Play — it lets you cue up a song or a picture, and quickly share it in sync with any other GS4 owner nearby. You can even use it to play local multiplayer games, so long as the app supports it.

The stock has had a positive run over the past one month in anticipation of the new product, and Friday’s selloff could just be profit taking, said analysts.

Samsung‘s stock has risen 11 percent over the past six months compared to rival Apple‘s share price that has fallen 37 percent over the same period.

Ron Suh, equity research associate at Macquarie, said that the “selloff will be short-lived and the shares should bounce back up.”

Another reason why analysts are not concerned about the dip in the share price is because expectations for sales of the new smartphone are running high. Macquarie, for example, is forecasting Galaxy S4 sales to average 20 million per quarter in 2013, compared to around 15 million for the Galaxy S3 last quarter.

Market research firm IDC on Friday said that Galaxy S4 has the potential to outsell the next generation of iPhone, Dow Jones reported.

Samsung’s global smartphone market share stood at 35 percent in the third quarter of 2012, double that of Apple‘s at 17 percent.

At first blush, the Galaxy S4 doesn’t feel revolutionary, but given the continued success of its predecessor maybe a revolution wasn’t called for. It’s a faster phone with a better screen, a better camera, and some cool new software features, and for the company that’s nearly synonymous with the word “Android,” that may be enough to ensure another huge success.

Ref.110.110.110.3626


Leave a reply

Reconstruction of Vilnius airport runway concludes; aircraft return to Vilnius

On Thursday, 17 August, Vilnius airport’s runway was festively opened. This was the most massive reconstruction for the airport in the past 20 years. It was a unique project for Lithuania and all of Europe, airport representatives say.

Islamic State terrorist group takes responsibility for Barcelona attack

The recent terrorist attack in Barcelona, in which a shuttle bus rammed a crowd of people on La Rambla, killing 13 and injuring at least 100, has become this week’s topic.

Weather in Latvia to be warm but rainy on weekends

The sun will appear every now and then between clouds on Friday, 18 August. Still, some rain is expected, especially in the afternoon in Latvia’s eastern regions, where thunderstorms may appear. Rain is expected to reach the capital in the afternoon. Wind will draw in from the south. Air temperature will reach +21° C… +26° C, according to State Environment, Geology and Meteorology Centre.

Latvia’s export growth was moderately rapid in the first six months of 2017

Compared with the same period of 2016, Latvia experienced a moderately rapid export growth in the first six months of 2017, according to data published by Eurostat on Thursday, 17 August.

Latvia’s annual inflation in July was one of the highest in Europe

Inflation indexes in Latvia and the UK both reached 2.6% in July, which is one of the highest indexes in the European Union, according to data published by Eurostat on Thursday, 17 August.

Kirsis withdraws his candidacy in favour of Aseradens

Riga City Council member Vilnis Kirsis has decided to withdraw his candidacy from the race to become chairman of Unity in favour of a different candidate – Economy Minister Arvils Aseradens.

Rinkevics expresses Latvia’s interest in maintaining political consultations with Palestine

On Thursday, 17 August, Latvia’s Foreign Affairs Minister Edgars Rinkevics met with the leader of Palestine’s diplomatic mission in Latvia, ambassador Taissir Al Adjouri, to discuss mutual relations between Latvia and Palestine and the peace process in the Middle East.

Putin grins to the world’s seven billionth baby, Lithuania wary of border incidents

Russian President Vladimir Putin paid a visit this Wednesday to Kaliningrad, the westernmost point of Russia, but the reports about his trip in the Russian enclave and over the border in Lithuania were strikingly different.

Survey: red considered the safest colour for a car

Most Latvian drivers consider red to be the safest colour for a car. The most popular, however, is black, according to results of a survey by Virši-A fuel trader.

airBaltic’s number of carried passengers reaches a record in second consecutive month

Latvian airBaltic airline carried 393,312 passengers in July 2017, which is 21% more than the same period last year. The number of passengers carried by airBaltic remains the highest it has ever been in the airline’s history, BNN was informed by the company.

Brivais vilnis: nearly all fish processing companies are experiencing losses

Currently nearly all fish processing companies in Latvia are experiencing major or minor losses, says Brivais vilnis chairman Arnols Babris.

American helicopters to perform low-altitude flights within Latvia’s airspace

U.S. Air Force Brigade’s Task Force Phoenix helicopters, which are stationed in Latvia as part of Atlantic Resolve operation, will be performing low-altitude flights from 16:00 to 18:00 from Lielvarde to Dobele on Friday, 18 August.

Healthcare Ministry’s state secretary Karlis Ketners may be replaced

Latvian Healthcare Ministry may replace its state secretary Karlis Ketners. It is possible he will be transferred to work at Finance Ministry, as reported by LTV.

Suspects in Europe's insecticide egg scandal before Dutch court

In the Netherlands, two men have been in court in relation to the scandal of eggs containing banned insecticide that has caused an EU-wide health scare and cost millions of euros of damages.

Indian national with fake documents apprehended on Latvian border

An Indian citizen travelling from Moscow on a bus was caught at Terehovo border control point in Latvia for presenting officers a fake EU family member’s resident card. No criminal process was launched. The person returned to the country he was travelling from.

Latvijas dzelzceļš will not have to pay dividends from last year’s profits

The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Latvian citizenship provided to 103 people

The Cabinet of Ministers has issued an order to provide Latvian citizenship to 103 people through naturalization.

Estonian Inbank's profits reach EUR 5.7 million in six months

Estonian financial services' provided Inbank made a profit of 5.7 million euros in the first half of 2017, which is a 429.4% increase compared to the respective period in 2016.

Agriculture Ministry invites residents to sign up for measures to support fisheries

From 21 August onward, Rural Support Service plans to start accepting applications for projects to receive support from European Maritime and Fisheries Fund’s action plan for development of fisheries in 2014-2020 as part of projects Innovation, Productive Investments in Aquaculture and Fishing and Aquaculture project processing.

Estonia seeks to improve reputation of state as employer

As the Estonian Ministry of Finance wishes to boost the reputation and brand of the Baltic country's public sector, it has announced a procurement tender aimed at preparing an action plan for reaching these goals.

Warning: there may be short-term problems with Swedbank internet banking functionality

Because of Swedbank’s planned IT modernization work scheduled for the night to Thursday, 17 August, there may be short term problems with payment card and internet banking functionality, the bank warns.

Aseradens: neither Usakovs nor Lembergs should be allowed to become prime minister

If he became chairman of Unity, Economy Minister Arvils Aseradens would mobilize democratic forces to prevent the possibility of either Aivars Lembergs or Nils Usakovs becoming prime ministers, Aseradens said in an interview to 900 seconds programme of LNT.

Caksa believes increasing wages for doctors would improve politicians’ credibility

The planned wage increase in healthcare could be the first step towards improving politicians’ credibility, says Healthcare Minister Anda Caksa.

Bill Gates donates USD 4.6 billion, reduces shares in Microsoft

The co-founder of the U.S. computer software firm Microsoft, Bill Gates, has allocated to charity 4.6 billion U.S. dollars (3.9 billion euros), which is the philanthropist's highest donation since the year 2000.

LOSP proposes using electronic packing slip system to reduce fraud

An electronic packing slip system for goods would be invaluable for agricultural goods, because it would help push out and reduce VAT fraud, says Latvian Agricultural Organisation Cooperation Council.