SAN FRANCISCO/SEOUL (Reuters) – Samsung Electronics (005930.KS) on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
Samsung’s second attempt at a folding phone after a delayed rollout last year comes as the South Korean firm fends off its traditional rival in the premium smartphone market, Apple Inc (AAPL.O), along with ascendant Chinese makers such as Huawei that have eaten into its sales in China and Europe.
Huawei has only released its own folding phones in China, and Apple has yet to release a 5G iPhone of any kind.
Some analysts said sales of Samsung’s new flagship series, the Galaxy S20 – which feature as many as four powerful cameras – will be slightly less than those of its predecessor, expecting foldable phones could eat into some of its sales.
Shares of Samsung, which generated 34% of its profit last…
Source Reuters Tech News
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