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Samsung is afraid of iPhone 8 launch

iPhone 8
Samsung is afraid of iPhone 8 launch 
Apple is all set to launch the 10th edition iPhone in September (expected). The device is going to feature revolutionary bezel-less design and many new and improved features of iPhone. The internet is full of the stories about the leaks and rumors of upcoming iPhone, which is also known as iPhone 8.

But the recent reports suggest that Samsung is somewhere afraid of iPhone 8. Yes, you read it correct Samsung is afraid of iPhone 8 launch.

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The company on Thursday (July 27) announced record earnings due in part to the success of its Galaxy S8 smartphone, but also because of the growth in its component business. As per the report, Galaxy S8 outsold the Galaxy S7 during the period, Samsung said, although the mobile division did not post record sales because of a decrease in mid-range and entry-level phone sales.

As per the report, Samsung is forecasting the increased competition in the mobile landscape in the second half of the year, and while it doesn’t specifically mention the iPhone 8, it seems the company is somewhat afraid of Apple’s upcoming handset.

“In the second half, demand for smartphones and tablets is forecast to increase as the market enters a period of strong seasonality,” Samsung said in a blog post. “However, competition is expected to intensify as new smartphone models are released by competitors.”

Must Read: 11 tips to increase the iPhone and iPad Battery life

The company did confirm that a Galaxy Note is going to be launched in Q3. A few days ago, Samsung confirmed that it’ll unveil a new smartphone on August 23rd, which can only be the Galaxy Note 8.

“In response, Samsung will launch a new Galaxy Note with enhanced performance and features, to maintain the strong sales momentum of its premium smartphones, together with the Galaxy S8 and S8+,” the company said.

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But Samsung doesn’t think its mobile division will do better in the third quarter of the year, compared to the period ending in June.

“Looking into the third quarter, revenue and profit are expected to decline QoQ due to increased marketing expenses associated with the launch of the new Galaxy Note and the reduced launching effect of the Galaxy S8 and S8+,” Samsung said.

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