Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Samsung Electronics delays Galaxy Fold media events in China

Published 22/04/2019, 05:13
Updated 22/04/2019, 05:13
© Reuters. FILE PHOTO: The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics’ Unpacked event in San Francisco

SEOUL (Reuters) - Smartphone maker Samsung Electronics (LON:0593xq) Co Ltd has postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples.

The official did not elaborate on reasons or rescheduling.

Instead of plaudits ahead of the phone's launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.

Samsung said it received "a few" reports of damage to the displays of samples of the $1,980 handset, raising the spectre of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.

The reviewers' reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.

Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple (NASDAQ:AAPL) Inc's iPhone in 2007. Chinese rival Huawei Technologies Co Ltd has also announced a folding handset, the Mate X.

The Samsung official on Monday said the firm was thoroughly investigating the damage reports as previously announced, and declined to comment on whether there would be any change to the U.S. release date.

The firm plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.

(This story corrects the seventh paragraph after Samsung official clarifies no change to firm's ongoing investigation, not U.S. release date)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.