• Samsung CEO Debunks Talks of Slow Galaxy S4 Sales

    by
    Akshay Masand
    Published on 2013-06-14 10:49 AM
    15 Comments Comments


    Samsung CEO J.K. Shin had a lot to say this week as he reassured investors that the company’s latest flagship smartphone is indeed selling well, while at the same time dismissing the notion that the company is anywhere close to easing the strained relationship with its chief rival, Apple. Samsung’s stock dropped 6% last week when a J.P Morgan report warned investors that sales of its recently launched Galaxy S4 smartphone could fall short of expectations. Shin dismissed J.P. Morgan’s analysis of S4 sales according to The Korea Times. He said the following regarding the matter:

    I can say sales of the Galaxy S4 smartphone are fine. It's been selling well. The report was based on its own analysis. Probably the bank may have corrected its previous bullish estimate about the S4 sales.
    Samsung launched the S4 in the middle of tremendous hype and the company expects to sell around 100 million of the Android-powered devices. Within the first 28 days of availability, the S4 moved roughly 10 million units causing both J.P. Morgan and Morgan Stanley to revise their sales estimates downward. The ensuing sell-off resulted in Samsung’s largest single-day drop in nine months, taking Samsung’s shares to a four-month low. The South Korean conglomerate lost $12.4 billion in market capitalization and the stock has been a downward trend since.

    Shin also commented on Samsung’s ongoing worldwide patent struggle with Apple, mentioning that Samsung has no plans to relent or concede. Shin said the following regarding the topic:

    Patent disputes against Apple will continue.
    Source: The Korea Times
    This article was originally published in forum thread: Samsung CEO Debunks Talks of Slow Galaxy S4 Sales started by Akshay Masand View original post
    1. Categories:
    2. iPhone,
    3. iOS,
    4. Apple
    Comments 15 Comments
    1. falco090's Avatar
      falco090 - 2013-06-14, 11:16 AM
      People are talking about iPhone 5 and the S4 and here I am. Waiting for the Note 3. (And my contract to be over with.)
    1. tridley68's Avatar
      tridley68 - 2013-06-14, 12:07 PM
      People are starting to see that Samsung phones are a big piece of crapp and would make a better boat anchor or paper weight I just saw 5 more for sale on Craigslist this morning
    1. jasvncnt10's Avatar
      jasvncnt10 - 2013-06-14, 04:37 PM
      Quote Originally Posted by tridley68 View Post
      People are starting to see that Samsung phones are a big piece of crapp and would make a better boat anchor or paper weight I just saw 5 more for sale on Craigslist this morning
      I can say the same for the iphone 5...they are for sale all over
    1. steve-z17's Avatar
      steve-z17 - 2013-06-14, 05:26 PM
      Quote Originally Posted by jasvncnt10 View Post
      I can say the same for the iphone 5...they are for sale all over
      The difference is the iPhone 5's are being sold to be used as phones, where as the S4's are being sold to be used as paperweights and toilet paper
    1. evolution83's Avatar
      evolution83 - 2013-06-14, 05:41 PM
      I've had friends switch from Android to Apple because of the issues they had with the phone and OS. Once they switched to Apple they were very satisfied.

      I know this will be a never ending battle over which phone is better, but Apple wins my vote.
    1. bigboyz's Avatar
      bigboyz - 2013-06-14, 05:56 PM
      The REAL difference is this, the iPhone 5 demands 350-$500..i've never heard of any Galaxy device being resold for that price. Quality baby..check yourself :]
    1. Albort's Avatar
      Albort - 2013-06-14, 06:52 PM
      i think its kinda lame that S4 Active is coming out just months after S4... like, slap to the face of all those ppl who bought the S4... its kinda like the iPad 3--> iPad 4...
    1. Carvensno's Avatar
      Carvensno - 2013-06-14, 07:14 PM
      Quote Originally Posted by bigboyz View Post
      The REAL difference is this, the iPhone 5 demands 350-$500..i've never heard of any Galaxy device being resold for that price. Quality baby..check yourself :]
      Yep sold my 4S last Sept on ebay for 400.00 easy and didn't have to ship it till my iPhone 5 came in either LOL. Buddy of mine went thru 3-4 GS3's and then verizon gave him a Moto razor and he wasnt happy with that either and went to trade it in and they only gave him 70.00 towards the GS4 LOL
    1. steve-z17's Avatar
      steve-z17 - 2013-06-14, 09:12 PM
      Quote Originally Posted by bigboyz View Post
      The REAL difference is this, the iPhone 5 demands 350-$500..i've never heard of any Galaxy device being resold for that price. Quality baby..check yourself :]
      So true! I sold my 4s for $350 after the iPhone 5 came out. That paid for the new phone with leftover cash! The only time I've seen other smartphone sell for that price is if they're brand new.
    1. vinaygoel2000's Avatar
      vinaygoel2000 - 2013-06-15, 01:24 AM
      Can't believe iPhone 4S went for that low. I sold my 4S in Nov 2012 for $434 on eBay. That too 16 GB.
    1. frankjc81's Avatar
      frankjc81 - 2013-06-15, 08:35 AM
      Galaxy has been and always will be a junk phone. At least the new htc is sleek and metal like the iphone. The galaxy just feels cheap. Just a cheap plastic phone. It's a joke really. Great new commercial samsung with the "look away from the screen to pause video." I mean seriously? Is that some kind of joke? That is more of a pain in the ***** feature than a useful one. So basically showing a video to a group of friends I guess I'm not allowed to look up at anybody to talk because then my video gets paused while everybody is trying to watch. So lame. At least the tvs samsung makes are nice
    1. Dark_Ninja's Avatar
      Dark_Ninja - 2013-06-16, 12:38 AM
      You people have no idea. Check swappa, S4s are selling so fast and at the $600+ mark. iPhone 5 64gbs aren't even doing that.

      It's all about the market demand. People who pay over $150 for a 4s are dumb. There will always be a market for both iPhones and galaxy devices so don't just assume cuz u don't like something that no one else does. Lets try to keep the fanboyism down some, huh?
    1. StuG III's Avatar
      StuG III - 2013-06-16, 12:42 AM
      Quote Originally Posted by frankjc81 View Post
      Galaxy has been and always will be a junk phone. At least the new htc is sleek and metal like the iphone. The galaxy just feels cheap. Just a cheap plastic phone. It's a joke really. Great new commercial samsung with the "look away from the screen to pause video." I mean seriously? Is that some kind of joke? That is more of a pain in the ***** feature than a useful one. So basically showing a video to a group of friends I guess I'm not allowed to look up at anybody to talk because then my video gets paused while everybody is trying to watch. So lame. At least the tvs samsung makes are nice
      Who cares what it feels like? It's about what's inside more than anything.
    1. Plotkin35's Avatar
      Plotkin35 - 2013-06-17, 06:03 PM
      Quote Originally Posted by falco090 View Post
      People are talking about iPhone 5 and the S4 and here I am. Waiting for the Note 3. (And my contract to be over with.)
      I'm waiting on the Note 3 as well. Supposed to be announced this week on the 20th if rumors are correct.
    1. vinaygoel2000's Avatar
      vinaygoel2000 - 2013-06-18, 12:42 AM
      Quote Originally Posted by Dark_Ninja View Post
      You people have no idea. Check swappa, S4s are selling so fast and at the $600+ mark. iPhone 5 64gbs aren't even doing that.

      It's all about the market demand. People who pay over $150 for a 4s are dumb. There will always be a market for both iPhones and galaxy devices so don't just assume cuz u don't like something that no one else does. Lets try to keep the fanboyism down some, huh?
      This is from swappa. You should have done your research before you posted.

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