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South Korean Tech Giant Samsung Takes on Xiaomi, Sells 2 mn Galaxy A Phones

Samsung earlier announced that it would launch at least one phone every month from March to June this year

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Samsung India
DJ Koh, President and CEO of IT and Mobile Communications Division, Samsung Electronics. (IANS)

Taking on Chinese player Xiaomi big time, South Korean tech giant Samsung sold two million phones in its mid-price segment Galaxy A series in India in just 40 days starting March 1, earning a revenue of $500 million.

Samsung is targeting $4 billion in revenues from its Galaxy A series of phones this year.

Earlier this month, it announced Galaxy A20, its fourth smartphone in the Galaxy A series this year. Galaxy A20 is available in India at Rs 12,490.

In March, Samsung launched galaxy A10 at Rs 8,490, A 30 at Rs.16,990 and A50 in two variants – one at Rs 19,990 and the other at Rs 22,990.

“In the first 40 days starting March 1, we have sold a total of two million units of three Galaxy A models in India – A50, A30 and A10. The revenue turnover from these three phones in 40 days is $500 million,” Ranjivjit Singh, Chief Marketing Officer and Senior Vice President, Samsung India, told IANS on Monday.

Samsung, Home, Privacy
Arvin Baalu, vice president of product management at Harman International, talks about the Samsung Digital Cockpit during a Samsung news conference at the 2019 CES in Las Vegas, Jan. 7, 2019. VOA

“I think this a record for any brand in the industry,” Singh added.

“When the rest of the portfolio in A series becomes available, we are sure of not only achieving but exceeding our target,a the Samsung executive said, adding that the A series phones will continue to be available across the channels – both online and offline.

Samsung India is now gearing up to launch the Galaxy A70 smartphone with triple camera system next week and the Galaxy A80 with rotating camera in May.

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“We will launch the Galaxy A70 in India next week in Rs 25,000 to Rs 30,000 bracket and the Galaxy A80 in the Rs 45,000 to Rs 50,000 bracket in May,” Singh said.

Samsung earlier announced that it would launch at least one phone every month from March to June this year. (IANS)

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Samsung 2nd Among Patent Holders in US in 2018: Report

By country, six American companies were on the top 10 list, trailed by South Korea with two. Japan and Taiwan each had one on the list, it noted

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samsung
To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia Commons

Samsung Electronics ranked second in the number of patents filed in the US last year, coming after IBM, a report by a US patent association said on Monday.

South Korean tech giant Samsung registered 5,836 patents in the US last year, following American tech behemoth IBM, a formidable leader with 9,088 patents, the Intellectual Property Owners Association (IPO) said.

Samsung’s home rival LG Electronics Inc. was the seventh-largest patent holder with 2,473, moving up one notch from a year ago, the IPO said about the list of the “Top 300 Organizations Granted U.S. Patents in 2018”, Yonhap news agency reported.

samsung, better selfie camera
Samsung declined to disclose its sales target for the new Note series, but said it expected to achieve higher sales volume than the predecessor Note 9 models. Pixabay

Other Korean tech firms in the top 100 list were Samsung Display Co. (17th), Hyundai Motor Co. (22th), SK hynix Inc. (45th), LG Display Co. (53th), LG Chem Ltd. (61th) and LG Innotek Co. (87th), it noted.

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By country, six American companies were on the top 10 list, trailed by South Korea with two. Japan and Taiwan each had one on the list, it noted. (IANS)