April 24, 2024

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Samsung Electronics will unveil Galaxy S10 in San Francisco and the shipments will be 15 percent higher than the previous model, said Korea Investment and Securities on Feb. 20 maintaining a “buy” recommendation and 52,000 won (US$46.33) target price. 

Armed with superior competitiveness in hardware, it will regain share in the sluggish global smartphone market. With a middle-of-range “light” model, it will boost shipments of S10 to 38 million. Foldable phones may be thicker and heavier while the close to 2 million won price could also be burdensome. Shipments for this year will be between 1 million and 2 million, hardly contributing to its earnings, said analyst Cho Cheol-heui.
Launch of the new smartphone will also benefit small- to medium-sized camera module makers, including Partron, Power Logics, MC Nex and Cammsys, he added.

By Hwang You-mee (glamazon@heraldcorp.com)