Samsung to launch Galaxy S8 in March
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Samsung Electronics is expected to launch its Galaxy S8 smartphone on March 29 as the electronics maker seeks to rebuild its scorched reputation after it was forced to recall its Note 7 phones when several devices burst into flame.
The South Korean phone maker announced the release date ahead of the opening of the Mobile World Congress in Barcelona, saying it will unveil the latest addition to the Galaxy lineup in New York in March. Samsung was not expected to launch the phone at MWC .
Samsung was forced to terminate its Galaxy Note 7 smartphones in October after several devices caught fire. The company in January blamed design and manufacturing defects in the device’s batteries causing them to overheat.
The company announced two new tablets over the weekend with the Samsung Galaxy Tab 3 aimed at gamers and the Samsung Galaxy Book targeting professional users.
Samsung’s stock is trading down 0.9 per cent in Seoul, against a 0.3 per cent fall in the benchmark Kospi index.
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