Smartphone big Samsung (SSNLF) introduced its newest line-up of Galaxy Be aware smartphones on August 7. It unveiled the Galaxy Be aware 10, Galaxy Be aware 10+, and Galaxy Be aware 10+ 5G at its Samsung Unpacked occasion yesterday. The corporate held the much-anticipated occasion on the Barclays Middle in New York.
Samsung launched its premium smartphones round 40 days earlier than Apple’s anticipated annual occasion, when it’s extensively anticipated to launch its new line-up of iPhones. Samsung’s new merchandise are priced at a premium, with the Galaxy Be aware 10 beginning at $949. The Galaxy Be aware 10+ is priced at $1,099. Samsung Unpacked additionally showcased the 5G variations of those gadgets. The Galaxy Be aware 10 5G is $1,049, whereas the Galaxy Be aware 10+ 5G is $1,299.
Samsung’s newest smartphones will probably be obtainable for retail buy beginning on August 23, whereas the 5G system will probably be obtainable solely to Verizon clients. Preorders started as we speak at 12:01 AM ET. This was the primary time Samsung launched a couple of Galaxy Be aware smartphone at a time, imitating its rival Apple.
Apple is a market chief within the premium smartphone market
Apple (AAPL) dominates the premium smartphone market. Samsung is seeking to achieve traction on this section by fast-tracking its merchandise to the market earlier than Apple unveils its new iPhone line-up in September.
On the finish of the primary quarter, Apple had a market share of 47.0% within the premium smartphone section. Samsung was the second-largest participant (SSNLF) at 25.0%, adopted by Huawei at 16.0%. These three gamers accounted for 88.0% of the entire premium smartphone market.
Within the wake of the Huawei ban, each Apple and Samsung will possible be capable of enhance their market shares within the premium smartphone area. Nevertheless, this received’t be simple, because the market is a saturated one. The premium section noticed its gross sales fall 8.0% within the first quarter as Apple’s iPhone shipments plunged 20.0%.
Samsung managed to realize market share on the again of Apple’s important cargo decline. Counterpoint Analysis expects premium smartphone gross sales to get a lift as soon as 5G expertise is commercialized—at the least in developed markets.
Analysts will probably be ready with bated breath to see if demand for the Galaxy Be aware 10 is strong or tepid. Apple’s iPhone shipments have seen a big decline within the final two quarters. Can Samsung achieve market share within the premium smartphone section, or will Apple proceed to reign supreme?