Samsung shares fall after Galaxy S4 release
Shares in Samsung Electronics fell 2.63 percent in Seoul on Friday, following the launch of the company's latest flagship smartphone in New York City.
Samsung closed at 1,480,000 won on profit-taking led by foreign investors, with analysts saying the release of the Galaxy S4 had already been factored in and investors were concerned the share price had hit a ceiling.
"It's not because the Galaxy S4 failed to meet expectations. It's just that investors feel technical smartphone upgrades are flattening out," Bae Seung-Young of Hyundai Securities told AFP.
The Galaxy S4, which will roll out in 155 countries in late April, has a high-definition, five-inch (12.7-centimeter) screen, enhanced picture-taking capabilities and the capacity to translate to and from nine languages.
Samsung's share price has held steady this year, while rival Apple has tumbled 20 percent as disappointing sales of iPhones raised fears that its dominance may be slipping.
The South Korean giant captured 29 percent of the smartphone market in 2012, to Apple's 21.8 percent, and 23 percent of the overall mobile phone market, ahead of Nokia's 17.9 percent.
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In real terms, Samsung Galaxy S4 cannot be compared to any other smartphone that is available in the market, as the company has gifted Galaxy S IV with the combination of all those best features that are present in small numbers in the other rivals, such as Nokia Lumia 920, HTC One, HTC Butterfly, Sony Xperia Z, BlackBerry Z10, Apple iPhone 5 and many more. The wireless charging feature and the adapt display feature have been adopted from Nokia Lumia 920 while the other features and sensors have already been introduced by other pioneers, so Galaxy S4 is not the pioneer in that term. The strongest and the most toughest competitor of Samsung Galaxy S4 will the upcoming Apple iPhone 5S that is expected to hit the shelves somewhere around Q2 2013.
Samsung Galaxy S4 is the latest flagship offering by the South Korean giant that is launched at a grand event on 14th March 2013 organized in Manhattan's iconic Radio City Music Hall in the New York City. It will be available for purchase in the market from the first week of April 2013 in some of the international markets. However, the company has spill out no word on the pricing and availability of Samsung Galaxy S4 in India, but according to the internal sources the gadget will touch the ground latest by May or June 2013.
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