SAN FRANCISCO/SEOUL: Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
Shares of Samsung, which generated 34per cent of its profit last year from the mobile business and half from its chip business, rose 0.2per cent in a flat wider market. "The key thing that is relevant about the Galaxy S20 is it's really a story about how 5G now becomes mainstream," Amon told Reuters in an interview.Samsung said its three Galaxy S20 phones will be more expensive than predecessors when they launch in March with a starting price of US$999. They will have a 5G option whereas the Z Flip is a 4G phone.
Globally it also faces stiff competition from Huawei Technologies Co Ltd , which was a close third in market share in the fourth quarter, although the Chinese company is caught in a U.S.-China battle over security and technology, especially in 5G.
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