Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Samsung Electronics sets March 29 for Galaxy S8 launch

Published 26/02/2017, 19:55
© Reuters. FILE PHOTO - A man walks behind a logo of Samsung Electronics at the company's headquarters in Seoul
0593xq
-

BARCELONA, Spain (Reuters) - Samsung Electronics (LON:0593xq) said on Sunday it would launch its next key device in the aftermath of a burning-battery scandal, the Galaxy S8, on March 29.

At the end of a product presentation at Mobile World Congress in Barcelona, the company showed a short video clip announcing the date for its traditional "Unpacked Event".

In past years, the trade fair was the scene of major Samsung launches. This year, Samsung postponed the presentation of its next major handset.

The company withdrew the Galaxy Note 7 last October due to faulty batteries, which led some devices to catch fire.

© Reuters. FILE PHOTO - A man walks behind a logo of Samsung Electronics at the company's headquarters in Seoul

That caused a loss of consumer trust, wiping out $5.3 billion of operating profit, and allowing Apple's iPhone to overtake it in sales.

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.