Samsung Say ‘No Galaxy S8’ At MWC, New Blue Coral S7 Model Tipped
Samsung Electronics executives have confirmed that there will be no release of a Galaxy S8 at the Mobile World Congress in Barcelona.
The executive said that they were confident that Samsung will recover from the recall of the Note 7, they also hinted that a Note 8 is in development and will be released in 2017, however Samsung executives are not saying when.
ChannelNews understands that Samsung is planning to launch a variation of their popular Galaxy S7 Called the Blue Coral model the new device will come out with 32GB and 64GB and will be released in South Korea on the 4th of November and in Singapore on the 5th of November. It is not known if the device will be launched in Australia.
Sources in Hong Kong did say the device will be released in Australia.
Yesterday Samsung reported a 96% year-to-year plunge in quarterly operating profit in its mobile division after discontinuing the Note 7.
With its Note 7 out of commission after a two-month-long debacle that has cost it more than $5 billion in recall expenses and lost sales, Samsung will have to get through the holiday shopping season with the Galaxy S7, a device that has been on shelves since March this year.
Samsung executives acknowledged their predicament in a conference call with analysts on Thursday. “We are expecting some difficulties until the first quarter of 2017, but we will achieve a business turnaround with the release of our new flagship smartphone,” said Lee Kyeong-tae, Samsung’s vice president for mobile communications.