Samsung’s smartphone shipments have been shrinking
Like its peer Apple (AAPL), South Korean electronics giant Samsung (SSNLF) has been seeing shrinking smartphone shipments. According to Canalys, Samsung shipped 293.7 million smartphones last year, a 7.2% fall from the previous year. In contrast, Apple sold 212.1 million iPhones in 2018, a 1.7% annual fall.
However, on February 20, the company unveiled a suite of new products that will be launched soon. The biggest attraction was Samsung’s Galaxy Fold, a first-of-its-kind foldable smartphone with a whopping $1,980 price tag.
Samsung announced a slew of new products
Samsung will soon be launching four models of the Galaxy S10 line-up, with the budget version, the Galaxy S10e, costing $750. The flagship Galaxy S10 will have a 5G model. The Galaxy S10 Plus is a bigger version of the S10.
The S10 will connect Instagram to its camera without the user having to leave the default camera software. The S10 also comes with a large battery and can wirelessly charge other devices. All the new phones will have the option of a stunning 1 TB of built-in storage.
Apart from the smartphones, Samsung also introduced a smartwatch, the Galaxy Watch Active, which includes health features such as a blood pressure tracker. Samsung is also launching a Bixby-powered Galaxy Home speaker as well as wireless Galaxy Buds.