Samsung Pins Its Hopes On AI To Sell Galaxy S24, Forecasts 35M Shipments In 2024
Portfolio Pulse from Rounak Jain
Samsung Electronics Co Ltd. (OTCPK: SSNLF) is planning to leverage AI technology to boost the sales of its upcoming Galaxy S24 series, with a target shipment volume of 35 million units in 2024, a 10% increase from the Galaxy S23 series. The company is also focusing on its foldable line, setting production targets for the Galaxy Z Fold 5 and 6. Samsung's move is seen as a strategic effort to compete with Apple Inc. (NASDAQ:AAPL)'s iPhone 15 series.
November 06, 2023 | 2:13 pm
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NEGATIVE IMPACT
Samsung's strategic move to compete with Apple's iPhone 15 series could potentially impact Apple's stock in the short term.
Samsung's strategic move to compete with Apple's iPhone 15 series could potentially lead to a decrease in Apple's market share and impact its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Samsung's focus on AI and increased shipment targets for the Galaxy S24 series could potentially boost its stock in the short term.
Samsung's strategic focus on AI and increased shipment targets indicate a strong business strategy which could potentially attract investors and boost its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100