Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Samsung Electronics says demand for Galaxy S6 models much higher than planned for

Published 04/15/2015, 04:03 AM
Updated 04/15/2015, 04:11 AM
© Reuters. Woman uses the camera on a Samsung Galaxy S6 phone during a pre-launch event in Singapore

SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd (KS:005930) on Wednesday said demand for both the flat-screen and curved-screen models of its new flagship Galaxy S6 smartphones is "much higher" than initially planned for.

The comment expands on guidance for a near-term supply shortage for the curved-screen Galaxy S6 edge model by Samsung's mobile chief J.K. Shin last week.

Investors and analysts say the new devices will generate meaningful earnings momentum in the current quarter as the phones go on sale across the world this month.

"Although there may be some difficulties for the short term, we will do our utmost to secure enough supply for our global consumers," Samsung said in a statement to Reuters without commenting on global shipment figures or pre-order levels.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.