Samsung

Samsung launches new Note, foldable phone as pandemic shrinks market

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) unveiled its latest Galaxy Note smartphone and new version of its foldable phone, the Z Fold 2, on Wednesday, hoping to regain ground against rivals Huawei and Apple Inc (AAPL.O) as the smartphone market begins to recover from its COVID-19 slump.

FILE PHOTO: People wears masks in front a Samsung Store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly Song/File Photo

Samsung launched its previous premium model, the S20, in February at the start of the pandemic but since then has ceded its top ranking in the smartphone market to China’s Huawei, as people opt for cheaper models in tough times.

The Z Fold 2 has a 6.2-inch (15.75-cm) screen when folded to provide a full smartphone experience even when it

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Samsung launches pricey new Note as pandemic shrinks smartphone market

FILE PHOTO: People wears masks in front a Samsung Store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly Song/File Photo

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) unveiled its latest Galaxy Note smartphone on Wednesday hoping to regain ground against rivals Huawei [HWT.UL] and Apple (AAPL.O) as the smartphone market begins to recover from its COVID-19 slump.

Samsung launched its previous premium model, S20, in February at the start of the pandemic but since then it has ceded its top ranking in the smartphone market to China’s Huawei, as people opt for cheaper models in straitened times.

The new Note 20 boasts a larger screen at 6.7 inches (17 cm), 5G connectivity, enhanced writing features with its S-Pen stylus, and access to more than 100 console and PC

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Samsung crafts India comeback as anti-China wave surges

NEW DELHI/SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) is forging a comeback in India’s smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp (1810.HK).

FILE PHOTO: A journalist uses a mobile phone as he works outside the Samsung Electronics smartphone manufacturing facility in Noida, India, July 9, 2018. REUTERS/Adnan Abidi/File Photo

Samsung, the only major non-Chinese player in the country, has already begun to gain ground, and a surge in anti-China sentiment in India following a border clash in June is expected to provide a fresh boost.

Samsung jumped to the No. 2 spot with 26% market share in the second quarter behind Xiaomi’s 29%, according to tech researcher Counterpoint, as the South Korean company’s diverse and inhouse supply chain helped it avoid product delays suffered by rivals

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Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme

NEW DELHI (Reuters) – Apple Inc’s (AAPL.O) Taiwan contract manufacturers Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW) have applied for India’s $6.65 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday.

FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo

The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. India hopes it will help turn the country into a global smartphone export hub like neighbouring China.

Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron’s local unit in two southern Indian states.

Pegatron, one of Apple’s top suppliers, has

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