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

  • Forex Market: EUR/CAD daily forecastForex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4970-1.5015 and closed at 1.4994.At 8:13 GMT today EUR/CAD was gaining 0.29% for the day to trade at 1.5034. The pair touched a daily high at 1.5044 at 7:22 GMT, […]
  • Rising Stockpiles and Output Outlook Pressure Copper MarketRising Stockpiles and Output Outlook Pressure Copper Market Key Moments Copper prices reversed earlier gains as attention shifted back to weakening demand signals. London Metal Exchange inventories in Asia increased, while traders moved additional African spot cargoes into China. […]
  • Forex Market: USD/BGN daily forecastForex Market: USD/BGN daily forecast During yesterday’s trading session USD/BGN traded within the range of 1.4122-1.4169 and closed at 1.4148.At 11:07 GMT today USD/BGN was losing 0.28% for the day to trade at 1.4117. The pair breached the first key support and touched a […]
  • UK car industry on a upbeat, expectations followUK car industry on a upbeat, expectations follow The UK car industry raised its annual sales forecast after more than a year of  half straight raise of sales, as the country’s largest dealer reported first-half profit up by almost a quarter. A sustained climb in car demand has helped the UK […]
  • Switzerland’s unemployment rate rises to 2.6% in NovemberSwitzerland’s unemployment rate rises to 2.6% in November Switzerland’s jobless rate has risen to 2.6% in November from 2.5% in the prior two months, data by the State Secretariat for Economic Affairs showed.The number of unemployed individuals rose by 4,667 to a 34-month high of 121,114 in […]
  • Apple shares rebound on Monday, tech company to postpone theater release of “The Banker”Apple shares rebound on Monday, tech company to postpone theater release of “The Banker” According to a report by Reuters, citing a source with knowledge of the matter, Apple Inc (AAPL) will postpone the planned December theater release of ”The Banker”, one of the company’s first original movies.The film’s debut on the […]