Today showed that the market isn’t always as kind as you would hope they would be. With the release the of new iPhone 6 we have seen the downturn of the company’s stock. Today Samsung Electronics Co. Ltd. (OTC: SSNLF) so a very low dip in the pricing. While the iPhone isn’t the sole reason for the drop in the stock price it is believe to be one of the competing factors. From analyst lowering profit estimations to the release of the new iPhone 6 the company seem to lose a little bit of steam today in the market. But you know how stocks are up one day down the next. In some cases up one minute down the next.
Will Samsung be putting more eftorts then they already do now that it seems that the competition is heating up? Well one thing is for sure they are ready to launch the Galaxy Note 4 ahead of schedule. Maybe they want to get a jump on getting those sales in or could it be that hearing Apple sell over 10 million iPhone 6’s. With the new iPhone 6 and 6 Plus already on the market Samsung wants to get a jump on selling those Note 4’s. There has been a strong showing of pre-orders for the new Note 4 in the home country for the Galaxy Note where interest has already caused the three major carriers to run out of inventory over the last three days. Now it appears the September 26, 2014 could be the target date for the launch.
To help with the sales Samsung is offering the Galaxy Note 4 in its home country for $920 (957,000 Korean Won) which is even lower than what the Galaxy Note 3 pricing was last year. Last year the launch price of the Note 3 was $1,025(1,067,000 Korean Won). While the Galaxy S5 did over 11 million in sales earlier in 2014 the company is said to be targeting over 15 million sales for the new Galaxy Note 4 with the help of the aggressive price point.
Not sure if they will hit their target mark but anything close to 15 million should surely be considered a success especially when you look at the fact the this would be after the release of the new large iPhone 6.