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Samsung pins high hopes on Galaxy Note 7 launch

[THE INVESTOR] Samsung Electronics is pinning high hopes on its upcoming Galaxy Note 7 smartphone with a curved screen that will debut on Aug. 2 in New York, London and Rio de Janeiro.

“Like its Galaxy S7 sibling that is receiving positive market reviews, the Galaxy Note 7 will meet market expectations,” a Samsung executive said in the firm’s second-quarter conference call on July 28. 

Together with its high-end flagship models, the company said its budget smartphones such as the Galaxy A, J and C will help it strengthen its market leadership in the latter half of this year. Especially the Galaxy C is tailored for the Chinese market.

By Kim Young-won (