Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Samsung Electronics have introduced the Galaxy S4 zoom, a smartphone with 16 megapixel camera allowing 10x optical zoom feature. With the product company is betting on convergence of smartphones and cameras into one device. The Galaxy S4 zoom includes top range smartphone and a high quality camera which optical zoom extends out of the phone.

The company might be undertaking a risky move as the digital camera market is struggling. The Korean tech giant is foreseeing a technological shift to grab more market share and compensate for companys weak digital camera presence. Despite smartphone cameras have been increasingly improving, high resolution and picture quality are still out of their reach.

Samsungs innovative ideas have been in the core of gaining competitive advantage to other electronic manufacturers. Lim Sun-hong, a senior vice president with Samsungs digital imaging business, said to Wall Street Journal he sees an opportunity to combine the ease of use and wireless connectivity of a smartphone with the picture quality of a powerful camera. That would make it easier for users to instantly share vast amount of pictures online.

Samsung Electronics owns 9.4% of worlds digital camera market struggling to catch up with Canon, Nikon and Sony. As a whole, neither of the elements implemented in the smartphone hybrid camera is new or innovative. Samsung is rather betting on combination of high quality products into one, targeting a specific new niche which company foresees as profitable.

Samsung shares are up 0.88% for the day.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • AUD/USD on three-week highs ahead of Chinese trade balance reportAUD/USD on three-week highs ahead of Chinese trade balance report Australian dollar traded close to its highest point in three weeks against the US rival on Friday, before a report showed tomorrow that Chinese import probably grew, as China is Australias largest trade partner.AUD/USD touched a session […]
  • Natural gas futures weekly recap: March 2 – March 6Natural gas futures weekly recap: March 2 – March 6 Natural gas was little changed on Friday and registered a third weekly jump in four after data by the EIA showed an expansion in US inventory deficits last week.Natural gas for delivery in April fell 0.07% on Friday to settle the week 3.8% […]
  • Forex Market: AUD/USD forecast for MondayForex Market: AUD/USD forecast for Monday During Friday’s trading session AUD/USD traded within the range of 0.9203-0.9280 and closed at 0.9277, gaining 0.04% for the day and 0.09% for the week.Fundamental viewAustraliaAt 1:30 GMT on Monday the Australia and New Zealand […]
  • Commodities trading outlook: natural gas, crude oil futuresCommodities trading outlook: natural gas, crude oil futures West Texas Intermediate crude fell for a fourth day and Brent hovered near a five-month low as demand for petroleum products in the US slid to the lowest since June, while fears of economic slowdown in China added to global demand fears. The […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.3876-1.4029. The pair closed at 1.3929, losing 0.66% on a daily basis. It has been the 24th drop in the past 38 trading days and also the third consecutive one. In addition, the daily low has […]
  • EU Asks Traders For Help in Oil ProbeEU Asks Traders For Help in Oil Probe European Commissions investigation into possible oil pricing manipulation is widening its circle as trading houses from Glencore Xstrata PLC, a $70 billion firm, to Gunvor Group Ltd. and Vitol Group were asked to assist European regulators […]