By Felix Richter
Samsung will unveil its new flagship smartphone, the Galaxy S8, at a special event in New York on Friday (21 April). It has been launched earlier elsewhere, for example, today (19 April) in New Delhi. Later launches are coming as well, 28 April in Australia, for example
Following the fiasco surrounding the Galaxy Note 7s faulty batteries, the company has a lot riding on the Galaxy S8. In order to gain back consumer trust, the Korean electronics giant needs the launch of its next flagship device to go flawless, which is probably why the presentation was pushed back to late March and then moved out into April.
Making up for the Galaxy Note debacle isnt the only reason why the Galaxy S8 better be a hit: as our chart illustrates, Samsung (OTC:SSNLF) has fallen behind Apple (NASDAQ:AAPL) in terms of mobile device sales recently. The company may still lead the smartphone market in terms of unit sales, but in terms of revenue, the iPhone alone beats Samsungs entire mobile communications unit by more than 70 percent.
This chart compares Samsung and Apple in terms of mobile device revenue.
Comparing the sales of Samsung and Apple. I Photo Courtesy: EconintersectThis article was originally published on Econintersect.
Feature Image Courtesy: Visual Hunt