|Bid||11,950.00 x 0|
|Ask||12,000.00 x 0|
|Day's Range||11,900.00 - 12,100.00|
|52 Week Range||9,210.00 - 14,650.00|
|Beta (5Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 07, 2020 - Aug 12, 2020|
|Forward Dividend & Yield||400.00 (3.35%)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||19,864.00|
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.China’s phone carriers offered discounts to subscribers after switching on the world’s largest 5G network Thursday, seeking to spur growth for an ultra-fast wireless system that’s key to technology supremacy. The country’s three wireless operators need to attract users to help pay for infrastructure they’ve spent more than $43 billion on in this year alone. While the technology is essential for developing industrial applications expected to drive a new digital economy, its faster speeds and lower lag times may be less compelling for consumers than previous upgrades.On the launch day of fifth-generation services in Beijing’s financial district, stores were quiet as carriers said they expect more users to sign up online.On the Twitter-like Weibo, “5G launching in 50 cities” and “5G package prices” were among the top-20 trending topics. But some Chinese consumers are balking at the high prices for handsets and service plans.“I don’t have money to buy a 5G phone, or to pay for a plan,” said Weibo user Yuanyao. “Too expensive. I can’t afford it,” said another named XBACK-No fear.Smartphone SupremacyWhile carriers look to lure more users to pay up for faster services, China’s handset makers also stand to benefit from fast uptake.Huawei Technologies Co., which also supplies the biggest slice of 5G network equipment, saw its smartphone market share jump to 42% in the third quarter, up from around 25% a year ago, according to research firm Canalys. It has already introduced several 5G models, as have Chinese brands including ZTE, Xiaomi and Vivo.Luring users to the world’s largest 5G networks may also help Chinese handset makers increase their global market share. Samsung Electronics Co. is the world’s top seller of smartphones, followed by Huawei. and Apple Inc.Huawei has already debuted models that work on the super-fast network in the U.K. and other markets in addition to China. On Wednesday, the Nikkei reported that Apple is telling suppliers that it expects to ship at least 80 million iPhones with 5G wireless modems next year.5G DealsAs of Thursday, China Mobile Ltd. was offering discounts of as much as 30% for users that pre-registered for 5G. Consumers buying 5G handsets from the carrier will get as much as 600 yuan ($85) off and gifts worth 699 yuan, the biggest operator by users said in a statement.China Unicom Hong Kong Ltd., the No. 3 carrier, and No. 2 China Telecom Corp. are also offering similar discounts to pre-registered users, along with other discounts and gifts via online lotteries and through their branches throughout the country.South Korea’s wireless carriers were the first to offer commercial 5G services, with SK Telecom Co. launching its network in April and Samsung already offering a 5G-enabled smartphone. Total 5G subscribers have surpassed 3 million in the country, although consumer reaction has been mixed.The faster network’s coverage was initially incomplete, leaving users to fall back on 4G more than some had expected, especially when using the service indoors.South Korean carriers SK Telecom Co., KT Corp. and LG Uplus Corp., have also sought to entice new users to adopt the technology, offering trade-ins and incentives that slash the price of new 5G phones to less than $200 from sticker prices of as much as $1,000. The subsidies have declined as the rollout expanded, said Kim Hee Sup, vice president at SK Telecom.“It’s true that the speed and coverage of 5G didn’t meet consumers’ expectations in early days,” said Kim Hee Sup, a vice president at South Korea’s largest carrier SK Telecom. “Now, the 5G service is rapidly improving as carriers are expanding the roll-out.”T-Mobile US Inc. earlier this week said it will flip on a nationwide 5G service by year end. Still, the carrier doesn’t offer yet offer a 5G compatible device yet and the service will be available only on one band of airwaves they are calling the “foundational layer,” with more layers of spectrum to come.The largest U.S. wireless carrier Verizon Communications Inc. launched 5G in April and has promised to have it available in parts of 30 cities this year. Rival AT&T Inc. has 5G in areas of 21 cities and plans to offer 5G nationwide by mid 2020. Sprint Inc., which has limited 5G available in nine cities, has promised a superior 5G network if its $26.5 billion merger with T-Mobile is approved.\--With assistance from Sohee Kim and Scott Moritz.To contact Bloomberg News staff for this story: Shirley Zhao in Hong Kong at firstname.lastname@example.org;Gao Yuan in Beijing at email@example.comTo contact the editors responsible for this story: Sam Nagarajan at firstname.lastname@example.org, Dave McCombs, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Samsung Electronics Co.’s Galaxy Fold will go on sale Sept. 6 in its home market of South Korea, following a months-long delay caused by the discovery of a severe defect in the original design.The Galaxy Fold, a $1,980 luxury Android device that opens like a book, was originally scheduled to go on sale in April, but it was delayed after multiple early tests, including by Bloomberg News, found the screen to have severe reliability issues. Samsung said in July that the phone would relaunch in September but had not previously provided an exact date.People familiar with Samsung’s plans indicate that the Galaxy Fold will be coming to the U.S. on Sept. 27, and Samsung itself lists the American market as one of its expansion geographies after the Korean launch, alongside France, Germany, Singapore and the U.K.In South Korea, the Galaxy Fold will be offered in only one configuration -- with 512GB of storage, 12GB of RAM and fifth-generation cellular connectivity -- by SK Telecom, KT Corp. and LG Uplus Corp. South Korea’s carriers said the sticker price for the Fold will be 2.39 million won (roughly equivalent to the $1,980 US price) with a bundled free Montblanc luxury case. 5G will be an option in some other markets.As Bloomberg previously reported, Samsung’s redesign involves stretching the Fold’s protective film to wrap around the entire inner screen, making it impossible to peel off by hand. The company also put protective caps on the top and bottom of the hinge and reduced the space between the hinge and the display, preventing the ingress of dust, which was another pain point in the original design. Questions over the Galaxy Fold’s durability now move on to how well the hinge and display hold up over the long term and how well those protective caps will withstand external shock. A crease is still visible in the middle of the unfolded device, but is not obtrusive.Transitioning seamlessly between closed and open states is a universal challenge for foldables, and Samsung’s solution is a promising app continuity system. It picks up most user activities from the small external screen and expands them on the bigger display inside when flipped open. It works well.When answering phone calls on the Fold, the most natural way to talk is by holding up the closed device to your ear. If a user wants to open the tablet up and continue conversations, the call is automatically switched to speakerphone mode. For more privacy, Samsung’s Galaxy Buds (which come bundled in the box) or USB Type-C earphones are the answer.Samsung’s first foldable device is arriving on the market mere days ahead of Apple Inc.’s 2019 iPhone refresh. That puts it up against formidable smartphone competition, however Samsung’s pitch for the Fold is that it defines its own new niche. Featuring a 7.3-inch internal flexible display, a smaller screen on the outside and app continuity between the two, the Galaxy Fold is an attempt at crafting a tablet device that fits into the space of a somewhat thick phone.Bloomberg News reported this week that Samsung is already working on a new foldable phone for 2020, one that collapses down to a square clamshell. Smaller, thinner and cheaper than the Galaxy Fold, that second device is likely to have wider market appeal than the distinctly exclusive and high-end Fold, but Samsung’s future plans for the category are said to hinge on the reception to the gadget.(Updates with a hands-on experience from the 5th paragraph.)To contact the reporters on this story: Sohee Kim in Seoul at email@example.com;Mark Gurman in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Vlad Savov, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.