Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

According to a report, one of the official representatives of Samsung Electronics Co. revealed that the company is planning to delay the launch of its Galaxy A lineup in China from November to December 2014. The company is said to be currently facing some headwinds producing its new metal-clad Galaxy A product line.

A representative of Samsung said in a statement, which was cited by NDTV Gadgets: “There have been delays in manufacturing process in the production. So we wont be able to launch the product based on initial launch date which was in November. We expect it to be launched in next month but nothing is certain at this point. There is no major problem in the manufacturing process.”

Samsung has been dealing with declining Galaxy smartphone sales, which is one of the main reasons why it is betting on launches of new products, including the introduction of metal alloys for the bodies of its high-end smartphones.

Although the premium-built Galaxy A3 and A5 devices will probably be delayed, they are expected to get a warm welcome from the companys customers in China. This is why the new companys products are forecast to help the South Korea-based company to increase its tumbling market share, considering the fact that Samsungs sales in the country have declined by almost 50%.

A report by ETNews quoted the comment of an industry official, who said: “Setting a date for the launch has been put off since Samsung is approaching this venture very carefully. Following the initially scheduled date, which was sometime in this month, is now out of question. The launch is expected in China after the middle of next month.”

The Galaxy A lineup, however, is not the only product line of the company, which has been delayed. Samsung is also rumored to be postponing the release of its Galaxy S6 flagship for the spring of 2015, and more precisely, for March or April. Still, the S6s release date has not been given an official confirmation yet.

Samsung Electronics Co. rose by 1.82% on Friday in Seoul to settle at KRW1 287 000 per share, valuing the company at KRW213.527 trillion.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold futures fluctuate on mixed Fed comments, stock rallyGold futures fluctuate on mixed Fed comments, stock rally Gold swung between gains and losses on Tuesday as investors weighed mixed comments by Fed officials following Janet Yellens dovish statement last week and reduced demand as an alternative investment after yesterdays stock rally. Silver fell to […]
  • General Motors shares close higher on Thursday, company to invest $491 million in Marion metal stamping facilityGeneral Motors shares close higher on Thursday, company to invest $491 million in Marion metal stamping facility General Motors Co (GM) on Thursday announced plans to invest $491 million in its Marion metal stamping facility in Indiana to bolster production of steel and aluminum stamped parts for future products, including EVs.The auto maker said […]
  • Commodities trading outlook: gold, silver and copper futuresCommodities trading outlook: gold, silver and copper futures Gold and silver futures were still on the downside during midday trade in Europe today, as the precious metals feel the pressure of the stronger dollar. Meanwhile, copper futures reversed earlier gains over the past two days, as the stronger […]
  • Major Currency Pairs: Support and Resistance Levels for October 28th 2016Major Currency Pairs: Support and Resistance Levels for October 28th 2016 USD/CHFR1 – 0.9940 R2 – 0.9944 R3 (Range Resistance - Sell) – 0.9948 R4 (Long Breakout) – 0.9959 R5 (Breakout Target 1) - 0.9973 R6 (Breakout Target 2) - 0.9978S1 – 0.9932 S2 – 0.9928 S3 (Range Support - Buy) – 0.9924 S4 […]
  • EUR/USD Taps 1.047EUR/USD Taps 1.047 The euro's brief reaction to Friday's sharp decline has lost steam, with the currency trading below the 1.05 level it touched earlier on Monday. Despite the initial bounce, the euro's gains are uncertain, as the underlying concerns about the […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.3946-1.4124. The pair closed at 1.4037, losing 0.40% on a daily basis. It has been the 6th drop in the past 18 trading days and also a third consecutive one. The daily low has been the lowest […]