financetom
Business
financetom
/
Business
/
Sales of Galaxy Note 10 to be similar as predecessor
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sales of Galaxy Note 10 to be similar as predecessor
Aug 6, 2019 4:13 AM

Samsung Electronics Co.'s Galaxy Note 10 phablet, which will be showcased later this week, is expected to post-sales similar to that of its predecessor, industry watchers have said.

The combined sales of the Galaxy Note 10 will reach 97 lakh units this year, similar to that of the 96 lakh units posted by the Galaxy Note 9 last year, according to industry tracker Counterpoint Research.

The figure hovers below the 1 crore units posted by the Galaxy Note 8 back in 2017, Yonhap news agency reported on Sunday.

An official from Counterpoint Research said the Galaxy Note 8 was able to post strong sales due to the suspended sales of its predecessor, the Galaxy Note 7, whose production was suspended due to battery problems.

The success of the Galaxy Note 10, meanwhile, is especially crucial for Samsung Electronics as the company suffered a slump in its mobile business in the second quarter.

Samsung Electronics' IT and mobile division, which covers smartphones, saw its second-quarter operating profit nose-dive 41.6 percent on-year following the weaker-than-expected performance of the Galaxy S10 smartphone.

Industry watchers said Samsung may face hurdles in promoting the new phablet due to the lengthening smartphone replacement cycle. Some customers are also expected to wait until the showcase of the Galaxy Fold scheduled for September, they added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nexpoint Diversified Real Estate Trust Insider Bought Shares Worth $343,184, According to a Recent SEC Filing
Nexpoint Diversified Real Estate Trust Insider Bought Shares Worth $343,184, According to a Recent SEC Filing
May 28, 2025
05:53 PM EDT, 05/28/2025 (MT Newswires) -- Dustin David Norris, Executive Vice President, on May 23, 2025, executed a purchase for 95,600 shares in Nexpoint Diversified Real Estate Trust ( NXDT ) for $343,184. Following the Form 4 filing with the SEC, Norris has control over a total of 773,179 common shares of the company, with 715,088 shares held directly...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
REX Financial launches covered call Nvidia ETF hours before earnings release
REX Financial launches covered call Nvidia ETF hours before earnings release
May 28, 2025
(Reuters) -REX Financial launched a single-stock exchange-traded fund tied to Nvidia ( NVDA ), the powerhouse chipmaker that has dominated stock market returns over the last two years, on Wednesday morning, hours ahead of the release of Nvidia's ( NVDA ) earnings. The new fund, the REX NVDA Growth & Income ETF is a form of covered call ETF that...
Imunon Closes Private Placement of Shares, Warrants to Raise Up to $9.75 Million
Imunon Closes Private Placement of Shares, Warrants to Raise Up to $9.75 Million
May 28, 2025
05:51 PM EDT, 05/28/2025 (MT Newswires) -- Imunon ( IMNN ) closed the private placements of 7.2 million shares at $0.45 apiece and short-term warrants, exercisable at the same price, to buy up to 14.4 million shares for gross proceeds of up to $9.75 million. The warrants will become exercisable upon stockholder approval and expire three years from that date,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved