The company has already launched its Samsung Galaxy S20 in March 2020 and hopes the newly elected US president will make things easier to favor them by easing restrictions.
Samsung Electronics Co Ltd (KRX: 005930) is more likely to pull the curtain for its new flagship smartphone rumored to be called Samsung Galaxy S21 a month earlier than the expected date. The South Korean electronics giant had plans to unveil the smartphone on 14 January 2021 since it is already in mass production.
However, its intention to push away competitions from Apple Inc (NASDAQ: AAPL) and take a good market share from Huawei in the market struggle has forced them to reconsider the unveiling date. The company has already launched its Samsung Galaxy S20 in March 2020 and hoping the newly elected US president will make things easier to favor them by easing restrictions.
Huawei Technology Co Limited, which has been a strong competitor of Samsung, has been highly affected by the restrictions imposed by the US, affecting the distributions of its chips and telecommunication equipment. Some time ago, they were battling for the top spot along with Samsung in the global smartphone market.
Similarly, Samsung is having their fingers crossed on the stands of the new US government about these restrictions which has affected the supply of their products compared to the previous year. The extent to which the Samsung Galaxy S21 will penetrate the US market is uncertain.
The Samsung Galaxy S21
According to some reports, the features of the yet to be released model include the same camera bump as the S20. It has been revealed that the standard model of the Samsung Galaxy S21 will have a 6.2 inches display. Also, there will be a punch-hole front-facing camera in a flat display handset. Also, the Samsung Galaxy S30 Ultra will be measured around 6.7 to 6.9 inches measured in a curved display. The leak did not reveal any information on the internal specs of the yet to be released Samsung Galaxy S21.
The Samsung Galaxy S20 supply to the United States heavily dropped compared to the previous year. The company only managed to supply 59% fewer in the second quarter of the year compared to the supply of other models in the second quarter of 2019. Surprisingly, Apple made 15% more supplies of its Apple 11 in the quarter of 2020 compared to the Apple XR in the second quarter of 2019.
Huawei Lost its Best Performing Top Position
Huawei was in the number one spot in the second quarter of 2020. Unfortunately, the COVID-19 impact was massive on them causing them to lose the position to Samsung in the third quarter of the year. Huawei has been said to have its stockpile run out at the beginning of next year, leaving the competition open among the likes of Samsung, OPPO, and Xiaomi. Apple, having noticed the struggling of Huawei to retain its market share, released its iPhone series a month earlier than expected in October to have a good stand in the competitive market.
Excellent John K. Kumi is a cryptocurrency and fintech enthusiast, operations manager of a fintech platform, writer, researcher, and a huge fan of creative writing. With an Economics background, he finds much interest in the invisible factors that causes price change in anything measured with valuation. He has been in the crypto/blockchain space in the last five (5) years. He mostly watches football highlights and movies in his free time.
