Consumer electronics retailers along with carriers, Telstra, Optus and Vodafone are facing a short supply of Samsung’s new Galaxy Note 7, in some markets the Korean company has been forced to delay the launch of the new premium smartphone in several markets due to “exceptional” demand.
Right around the world the world’s leading smartphone reviewers have described the new Samsung offering as “will The best smart phone ever” now consumers are flocking to retailers in unprecedented numbers to the extent that Samsung is struggling to keep up with supply. Some analysts claim that this is the smart phone that will have serious appeal to iPhone owners who are concerned about the lack of innovation in new model iPhone’s.
Samsung has become one of the world’s best-performing technology stocks, gaining a third this year as the company has mounted a strong comeback in smartphones, now there are concerns that the Korean company could be impacted by the delays. Currently Samsung is moving to ramp up production of the Galaxy note 7 which comes with a stylus and 5.7-inch screen.
The Galaxy Note7 “phablet” features security aspects prized by business users and the first retina scanner on a mass-market Android phone.
The world’s largest smartphone maker posted its best quarterly operating profit in more than two years in the April-June period as its flagship Galaxy S7 devices flew off store shelves. Samsung also painted a rosy picture of for second-half earnings, projecting robust demand for components such as 3D Nand chips and OLED display panels.
Its strong performance contrasts with Apple, which has seen iPhone sales flag this year. Samsung has stretched its lead over its US rival, selling 32m more smartphones than the iPhone maker in the second quarter, according to Gartner, the research firm.
“As pre-order results for the Galaxy Note7 have far exceeded our estimates, its release date in some markets has been adjusted. We look forward to meeting consumers’ demand as early as possible,” Samsung said on Wednesday.
Analysts claim that the latest supply constraints will not pose a major risk to second-half earnings, expecting Samsung to ramp up production of the new smartphone quickly.
