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Samsung defends Galaxy S4 sales following share price drop

Samsung Galaxy S4 sales have been defended by the South Korea manufacturer after concerns over missed targets cause the company’s share prices to drop.

Reassuring investors that the Samsung Galaxy S4 remains a strong sales threat despite recent claims from analysts, Samsung CEO J.K. Shin has suggested sales are “fine” and that the HTC One and iPhone 5 rival continues to “sell well.”

Last week, Samsung’s share price dropped six per cent overnight following reports by J.P Morgan analysts claimed Samsung Galaxy S4 sales could fall short of expectations. This came despite the S4 shifting a hugely impressive 10 million units during its opening 28 days on sale.

“I can say sales of the Galaxy S4 smartphone are fine. It’s been selling well,” Shin said speaking with the Korea Times. “The report was based on its own analysis. Probably the bank may have corrected its previous bullish estimate about the S4 sales.”

With Samsung predicting it will sell a whopping 100 million S4 handsets during the smartphone’s lifecycle, Shin has been keen to reassure investors that the company is not behind on these intentions. With the recent crash in share prices marking a four-month low for the Samsung Galaxy Note 2 manufacturer, the S4 sales reports took $12.4 billion (£7.9bn) off Samsung’s worth.

While Shin has been quick to defend S4 sales, it has been claimed that the recent dilution of the S4 brand could have a detrimental effect on the handset’s sales. Crowding the market with question spinoffs, Samsung has formally unveiled the Samsung Galaxy S4 Mini, waterproof Samsung Galaxy S4 Active and camera focused Samsung Galaxy S4 Zoom in the past two weeks.

Earlier this week the first Samsung Galaxy S5 rumours started doing the rounds online suggesting the manufacturer could move to a new, metal bodied design principle for next year’s flagship handset.

Samsung Galaxy S4 Features
Arguably the most popular handset on the smartphone scene right now, the Samsung Galaxy S4 pairs a stunning 5-inch, 1080p Full HD Super AMOLED display with a speedy 1.9GHz quad-core processor, 13-megapixel camera and 2GB of RAM.

With a second, 2-megapixel snapper lining up on the handset’s fore, the S4 specs sheet is rounded off by Google’s Android 4.2.2 Jelly Bean OS and a svelte 7.9mm thick form factor.

Read More:
Samsung Galaxy S4 vs iPhone 5

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