By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> expects record shipments for its new Galaxy S6 smartphones and said it will struggle to meet demand for the curved-edged version due to production constraints, adding to hopes for a turnaround in mobile sales. The S6 models are widely expected to sell briskly following a string of positive reviews, boosting prospects for an earnings recovery in 2015. This week, the company estimated its January-March operating profit to be its highest in three quarters, which analysts said was partly because Samsung put its own chips in the new phones. Samsung expects the flat screen S6 to sell more than the higher-margin S6 edge - priced about $120 more in South Korea - but mobile chief J.K. Shin said at a media event on Thursday the firm won't be able to keep up with demand for the latter model in the near term because the curved screens are harder to manufacture. "Some carriers are switching existing orders to get more of the S6 edge, and it looks like demand for the model will exceed supply throughout this year," said HMC Investment analyst Greg Roh. "That means average selling price will fall at a slower rate, which will have a positive impact on Samsung overall." Samsung has not disclosed its shipment record for the handset. Analysts regard the Galaxy S3 as its best-selling model overall, though they estimate the Galaxy S4 to have done better in its initial year, when a model is most profitable. Nomura estimated that Samsung sold 80 million S3s in three years from its 2012 launch, and 43 million S4s from the model's April 2013 launch to the end of that year. Some analysts say Samsung could ship 50 million or more S6 phones this year. Samsung's Shin also said the South Korean electronics maker is preparing a variety of wearable devices, including a new version of its Gear smartwatch, but did not give specifics. Arch-rival Apple Inc is due to roll out its much-anticipated smartwatch on April 24. QUALCOMM STILL A PARTNER Shin acknowledged that Samsung opted for its own mobile processor and modem chip in the Galaxy S6 instead of equivalents from U.S.-based Qualcomm Inc . Samsung previously relied heavily on Qualcomm chips for its flagship phones, but recent reports based on dismantling Samsung's handsets showed the firm replaced many Qualcomm chips with its own. Shin said the companies remain close partners. "We have to use the best engines to make our products competitive, which is why we opted to use our own chips," Shin said. "But we may very well end up using products from Qualcomm again in the next Galaxy phone." The new Galaxy devices go on sale in 20 countries on Friday. (Additional reporting by Sohee Kim; Editing by Tony Munroe, Edwina Gibbs and Christopher Cushing)
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting
The tabloid slammed Donald Trump’s eldest son for topping “sick GOP” taunts of Alec Baldwin following the death of cinematographer Halyna Hutchins.
- The Guardian
Revelation of incident ‘buried’ by Abedin contained in new memoir Both/And, to be published next weekUS politics – live coverage Huma Abedin pictured in 2016. Abedin does not name the senator, their party or give any other clues as to his identity. Photograph: Brian Snyder/Reuters Huma Abedin, a longtime close aide to Hillary Clinton, has written in a new book that she was sexually assaulted by a US senator, an incident she “buried” until allegations against the supreme court justice Brett Kavan
The newly-announced SKIMS x Fendi ready-to-wear collection launches on Nov. 9
Rep. Sean Patrick Maloney of New York tried to goad the former president in an MSNBC interview.
- The Wrap
Inexperienced ‘Rust’ Armorer Enraged Nicolas Cage on Previous Film: ‘You Just Blew My F–ing Eardrums Out!’ (Exclusive)
A crew member demanded that armorer Hannah Gutierrez Reed be fired, but she went on to handle guns on "Rust"
NASCAR fined crew chief Adam Stevens $20,000 and suspended him from Sunday’s Cup Series race at Martinsville Speedway (2 p.m. ET, NBC) when the No. 20 Joe Gibbs Racing Toyota was found with two lug nuts not safe and secure after the playoff race at Kansas Speedway. Stevens was one of two crew chiefs suspended […]
- NBC Sports Boston
The Tampa Bay Buccaneers announced how they'll compensate the fan who initially received Tom Brady's 600th career touchdown pass.
- Yahoo Sports
Jerry Jones is out to get the best deal, and will cry if necessary.
Angelia Jolie suffered a beauty faux pas at the "Eternals" premiere, as her hair extensions were obviously installed improperly.
- Atlanta Black Star
‘Poses Real Problems’: Ex Minneapolis Cop Has Murder Conviction Reversed and Sentencing Reduced; New Precedence Draws Concern as Derek Chauvin Seeks to Appeal His Conviction
Minneapolis’ first cop to be convicted of murder may regain his freedom sooner than anticipated. In an unprecedented turn of events, a Minnesota judge re-sentenced […]
Danica McKellar Leaving Hallmark for GAC Family: Will More 'Countdown to Christmas' Stars Follow Suit?
One of Hallmark Channel‘s go-to actresses has set her sights on a new basic cable home. Danica McKellar, who has headlined more than a half-dozen “Countdown to Christmas” movies for Hallmark since 2015, is departing the network for a new competitor: GAC Family (fka Great American Country). Per Deadline, the Wonder Years vet has signed […]
Prince William and Kate Middleton just broke a royal rule during their latest...
- Women's Health
The 42-year-old actress stripped down to her underwear for breast cancer research—and she is looking extra toned! Kate swears by Pilates and Peloton Tread.
- The Daily Beast
FBIWarning: This story contains descriptions of sexual assault.A U.S. Embassy staffer accused of drugging and sexually assaulting at least 24 women over a 14-year period was in fact a longtime CIA employee, the FBI announced Monday, as the bureau urged any possible victims to come forward in the case.Serial molester Brian Jeffrey Raymond, 45, was arrested Oct. 9, 2020, in La Mesa, California, where he had been staying with his parents after abruptly quitting his job at the U.S. Embassy in Mexico
Which players should you consider dropping ahead of Week 8? Jennifer Eakins runs down her list of cut candidates, including a RB rostered in over 90 percent of leagues.
Richard “Dick” Evans, who was a staple of 1960s and ’70s television, died on October 2 of cancer, his family announced today. He was 86. In his 40-year career, Evans played opposite Mia Farrow as a series regular on Peyton Place, acted opposite George C. Scott in Islands in the Stream and starred in Jack […]
- Women's Health
The 56-year-old actress and queen of Found Fitness just showed off her sculpted abs in a teeny tiny bikini with metallic accents. And she's lookin' fierce!
- KSBW - Monterey Videos
4.7 magnitude earthquake hits near Monterey, San Luis Obispo county line
- Business Insider
A mom told Jeff Bezos that Amazon was underpaying her $90 a month, sparking an internal probe that found the company was shortchanging some workers, a report says
"I'm crying as I write this email," Tara Jones, an Amazon worker, wrote to Jeff Bezos, The New York Times reported.
- Yahoo Sports
Gisele Bündchen is an incredibly accomplished woman, not Brady's property to offer up in exchange for a piece of memorabilia.