SEOUL: Samsung may launch its flagship Galaxy S smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple Inc, three sources familiar with the matter said.
Huawei once challenged Samsung’s top position in the global smartphone market, but the Chinese rival is in survival mode with US restrictions choking off its supplies of chips used in smartphones and telecom equipment.
South Korean chip industry officials hope Joe Biden’s presidency will ease some of those restrictions, although they are far from certain as they also expect the incoming US administration to maintain a tough stance on China.
Samsung is preparing to launch its new Galaxy S21 as early as late January next year, whereas it previously launched its flagship S20 phone in early March this year, the sources said, asking not to be identified because the plan is not public.
Samsung Electronics declined to comment.
The South Korean company shipped 59 percent fewer Galaxy S20 5G series handsets in the United States in the second quarter compared to the previous model’s performance a year earlier, according to research firm Canalys. In contrast, Apple shipped 15 percent more of its flagship iPhone 11 than last year’s best-seller, the iPhone XR.
Samsung, which lost its No.1 position to Huawei in the second quarter, regained the crown in the third thanks in part to the US restrictions on Huawei.
A person at one major supplier of smartphone chips said Huawei’s stockpiles were expected to run out some time early next year.
Samsung, however, faces intensifying competition from Chinese rivals like Xiaomi and Oppo, which are expected to take advantage of Huawei’s struggle to retain market share.
Apple also launched its iPhone series in October, about a month later than usual, stepping up competition.
Samsung may launch flagship phone early to grab Huawei share
https://arab.news/m9nuv
Samsung may launch flagship phone early to grab Huawei share
- Samsung is preparing to launch its new Galaxy S21 as early as late January next year
- Samsung faces intensifying competition from Chinese rivals like Xiaomi and Oppo
Egypt-born Dina Powell McCormick appointed Meta president and vice chairman
- The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
- Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution
LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.
The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.
Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.
Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.
Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.
