Samsung Electronics Co, the world’s largest maker of mobile devices using Google Inc’s Android software, is to release its first smartphone using the Tizen operating system about a year later than planned.
The Samsung Z will be available in Russia in the third quarter before expanding to other markets, the South Korean company said in a statement yesterday. The device will have a 4.8-inch screen and will be on show at the Tizen developer conference in San Francisco today.
Tizen, which is being developed with companies including Intel Corp and Vodafone Group PLC, is an open-source alternative to Android, the most popular smartphone operating system. Asia’s biggest technology company previously said its first phone using the platform would be released by the end of September last year, as it seeks to spark consumer demand amid slowing shipment growth and competition from cheaper Chinese producers.
“Samsung is trying to do anything to fill in the gaps in the third quarter, but I don’t think the Tizen phone will give a big boost to Samsung’s overall smartphone sales,” Lee Do-hoon, an analyst at CIMB Group Holdings Bhd in Seoul, said by telephone. “The release of the new phone is nothing more than symbolic as it’s at a very early stage.”
Samsung shares rose 0.8 percent to 1,455,000 won at the close of trade in Seoul. The stock has gained 6.1 percent this year after a 9.9 percent decline last year.
The new device enters a smartphone market where global growth is expected to slow to 6.2 percent in 2018 from 19 percent this year, research firm International Data Corp (IDC) said in February.
Samsung shipped 316 million smartphones last year, more than double the 153 million iPhones of second-ranked Apple Inc, according to data compiled by Bloomberg from IDC.
The Samsung Z in black and gold will feature a high-definition screen, a 2.3 gigahertz quad-core processor and a fingerprint sensor, the company said. The company unveiled two wristwatches using Tizen in February.
Samsung plans to offer a special promotional program through the Tizen application store when the device goes on sale as it seeks to attract more developers to build software.
The company’s mobile-phone business, which accounted for 76 percent of operating income in the first quarter, posted the lowest sales in five quarters as Chinese producers gain in emerging markets with cheaper, feature-packed devices.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of US Affordable Care Act enrollees expired on Jan.1, cementing higher health costs for millions of Americans at the start of the new year. Democrats forced a 43-day US government shutdown over the issue. Moderate Republicans called for a solution to save their political aspirations this year. US President Donald Trump floated a way out, only to back off after conservative backlash. In the end, no one’s efforts were enough to save the subsidies before their expiration date. A US House of Representatives vote
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”