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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Samsung Beats Out Apple with a $11 Billion Market Increase

With Samsung’s anticipated new hot phone Galaxy S6 and S6 Edge their market value has made a major $11 billion increase since March.

The phone’s are said to be huge competitors for Apple’s iPhone 6 as WSJ reviews reported.

The phone will feature a Corning Gorilla Glass 4 back, aluminum side detail, fast charging, a sharp display, and an improved camera.

With the March 1st introduction of the phone the companies shares have increased by 6.2 percent. Unlike Apple’s fall of 3.14 percent in their stocks from last month. Samsung has now beat Apple in value being worth a total of $176.6 billion, while Apple plummeted $721.34 billion in value.

“There’s a lot of buzz about the new S6 phones and consumer demand,” said Lee Seung Woo, an analyst at IBK Securities Co. in Seoul to Bloomberg. “The pre-order demand for S6 devices is a lot higher than its predecessor S5, and the phone will win back many consumers.”

With the big buzz might come to a big fall as Apple is working on a new market launch in the Chinese market predicting a $1 trillion gain. Samsung has also seen major declines with phone revenue by 37 percent in their fourth quarter of phone models. Yet, Apple is known to see increases in their fourth quarter by $18 billion, which is predicted to happen with the iPhone 6 and iPhone 6 Plus.

Samsung even has competition in the Remdi 2, a smartphone in China.

Anshul Gupta research analyst tells Forbes, “Samsung’s performance in the smartphone market deteriorated further in the fourth quarter of 2014, when it lost nearly 10 percentage points in market share,”

But with great reviews even after its release as of April 10th, Samsung is on its way to possibly making their market value even higher.


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