Samsung's Galaxy S8 Hits Stores, Aims To Move On From Recall Crisis
Sumaira FH Published April 21, 2017 | 09:15 AM
SEOUL, (APP - UrduPoint / Pakistan Point News - 21st Apr, 2017 ) - Samsung's new Galaxy S8 went on sale over the counter in South Korea Friday as the world's biggest smartphone maker seeks to move on from a disastrous handset recall and corruption scandal that has hammered its once-stellar reputation.
The device, unveiled in New York last month and a challenge to Apple's iPhone, is the firm's first major launch since last year's humiliating withdrawal of the Galaxy Note 7 over exploding batteries.
It also comes with vice-chairman Lee Jae-Yong and other executives on trial for bribery over their alleged role in the graft scandal that brought down former president Park Geun-Hye. But the company's profits are rising and the new phones have received good reviews, with more than one million pre-orders for the S8 and the larger S8+ in South Korea alone.
Shares in samsung Electronics jumped more than 2.5 percent Friday, adding around $7 billion to its market capitalisation. "Market reactions to the release of the S8 series are somewhat positive," said Lee Seung-Woo of IBK Investment Securities.
Samsung could break the record 48.5 million unit sales it achieved with its S7 series, he added. "Barring the weakening of the US Dollar, Samsung's second-quarter operating profit would reach 12 trillion won," Lee said.
Pre-order deliveries began earlier this week, and in-store sales begin in the US and Canada later Friday, with the device due to be rolled out to around 50 more countries next week.
Related Topics
Recent Stories
Islamabad United win hearts, expresses solidarity with Palestinians
Vivo Unveils the Future of Portrait Photography with the Premium and Elegant V30 ..
Infinix NOTE 40 series defies norms with the introduction of upto 20W MagCharge ..
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 March 2024
Today Gold Rate in Pakistan 19 March 2024
'Charter of economy is the need of the hour': Asif
14 bodies found in Haiti capital suburb amid gang violence
Punjab Chief Minister Maryam Nawaz Sharif announces metro bus projects in three ..
PM, UAE ambassador discuss ties
FM, US ambassador agree to enhance ties
Bear injures five in latest Slovak attack
Families of two WASA workers to be compensated properly: Minister
More Stories From World
-
Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman
1 hour ago -
Six pivotal battlegrounds in 2024 US presidential election
1 hour ago -
S. Korea suspends two doctors' licences over walkouts
1 hour ago -
Sri Lanka's Hasaranga out of retirement for Bangladesh Test series
1 hour ago -
On Red Square, Putin voters bask in predictable victory
2 hours ago -
AI giant Nvidia unveils higher performing 'superchips'
2 hours ago
-
Al Jazeera says Gaza journalist beaten, detained by Israeli forces
2 hours ago -
President felicitates President Putin on his re-election
2 hours ago -
UN chief urges disarmament now as nuclear risk reaches ‘highest point in decades’
2 hours ago -
Venezuela's Maduro invokes ghost of Hugo Chavez in reelection bid
3 hours ago -
AI giant Nvidia unveils higher performing 'superchip'
3 hours ago -
Griezmann record run ends with France forward injured for friendlies
4 hours ago