Galaxy S6 Buzz Fetches $11 Bn For Samsung

BANGALORE: Samsung earned a lot of market value because of its much-awaited Galaxy S6. The hype about the new Smartphone generated about $11 Bn for the South Korean electronics giant, making it the world’s largest Smartphone maker, as reported by Livemint.

Samsung has done what no Smartphone vendor ever tried to do: the curved touch screen. As the world was expecting the launch of Galaxy S6, Samsung silently came closer to the previous year’s world largest Smartphone vendor, Apple.

 “There’s a lot of buzz about the new S6 phones and consumer demand,” said Lee Seung Woo, an analyst at IBK Securities Co. in Seoul. “The pre-order demand for S6 devices is a lot higher than its predecessor S5, and the phone will win back many consumers.”

Samsung Electronics hit a new high in market shares, as Galaxy S6 was unveiled. The company’s market value grew to $191.19 Bn as on March 1. However, Apple Inc. saw a record-breaking decline in its market value as it suffered a staggering $23 Bn loss.

The scenario is slightly different in emerging markets as Samsung faces tough competition from Smartphone manufactures like Lenovo and Xiaomi. Due to this reason, Apple will be launching its new iPhone 6 in just 20 countries.

Samsung Galaxy S6 has won the hearts of all the major critics and it was quoted to be “great gains in terms of style” by Forbes, “truly fantastic smartphones” by BGR website and finally, “a flagship phone that finally feels like a flagship” by The New York Times.
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