Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Samsung Electronics Co Ltd released its first smartphone featuring its self-developed Tizen operating system in India, marking a push to reduce its reliance on Googles Android.

The Samsung Z1, featuring 1.2GHz dual-core processor, 768 MB of RAM and up to 64GB of memory, was released in New Delhi on Wednesday and it sells for 5 700 rupees. The device is targeted at first-time smartphone consumers with its user-friendly interface on a 4-inch display.

The move is a step in the right direction for the worlds largest smartphone maker in order to remove its dependency on rival Googles Android, which comes with Samsungs flagship Galaxy devices.

“The smartphone market in India is rapidly evolving, with many consumers using their device as their screen of choice for content including videos, television programs and video games, as well as a range of apps,” said Mr. Hyun Chil Hong, President and CEO of Samsung India Electronics.

The better half of all consumers in India do not own a smartphone, despite the country being the third-largest market for smartphones. A spokeswoman for the company said that Samsung is not yet certain whether the device would be made available in any other markets.

Samsung is also launching its Tizen Store, similar to Google play, but providing far less applications to choose from. The company said Z1 users would be able to browse and download more than 1 000 application available at its store. The smartphone will also sell with pre-installed programs supported by services like Amazon, Facebook and Twitter among others.

Samsung have previously tried to release a Tizen-powered smartphone in other markets, including Japan, France and Russia. However, the South Korean companys efforts were not so successful as all of its partners, backing the launch, have pulled out of the agreement, citing low interest from developers and mobile carriers towards the operating system.

Finally Samsung has released its first Tizen smartphone as a move towards building a platform to rival Android and iOS. The task however, will be difficult to achieve as Googles and Apples operating systems powered 95.8% of all smartphones sold during the fourth quarter of 2014, according to technology researcher Gartner.

Samsung have also implemented the Tizen operating system on various electronics, including smartwatches and cameras. During the latest Consumer Electronics Show in Las Vegas, the company also unveiled its latest Tizen-powered device, the smart TV.

Samsung gained 0.45% on Wednesday and closed at ₩1 345 000 in Seoul, marking a one-year increase of 3.4%. The company is valued at ₩217.25 trillion.

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 rallied after RBA rate decisionAUD/USD rallied after RBA rate decision The Aussie soared against the US dollar on Tuesday, as Australian central bank reduced borrowing costs at its meeting in line with expectations and said that national currency remained strong.AUD/USD climbed to a session high at 0.8988 at […]
  • BlackBerry’s CEO to stick to 3-stage transformation planBlackBerry’s CEO to stick to 3-stage transformation plan The CEO of BlackBerry Inc. Thorsten Heins told shareholders on Tuesday that the smartphone company is still in the early days of its “transformation” and blamed the stock’s recent fall on expectations from Wall Street that were too […]
  • Spot Silver falls to 7-month low in volatile tradeSpot Silver falls to 7-month low in volatile trade Spot Silver registered its lowest price level since September 11th 2024 on Monday, at $28.37 per troy ounce, in a volatile trade, as market players continued to assess the impact of an escalating trade war on the global economy.Silver has […]
  • Gold to reach new heights in 2024: Experts reveal their predictions (Exclusive Report)Gold to reach new heights in 2024: Experts reveal their predictions (Exclusive Report) In early 2024, gold's price reached $2,200 per ounce, with many predictions showing further increases in the price by the end of the year. There are several factors that will affect the precious metal’s value, and we cover different experts' […]
  • Forex Market: GBP/USD trading outlook for September 2nd 2016Forex Market: GBP/USD trading outlook for September 2nd 2016 Yesterday’s trade (in GMT terms) saw GBP/USD within the range of 1.3128-1.3318. The pair closed at 1.3268, soaring 0.98% compared to Wednesdays close. It has been the 150th gain in the past 329 trading days, a second consecutive one and also […]
  • Oil prices on a steep fall, erase earlier gainsOil prices on a steep fall, erase earlier gains Oil prices erased earlier daily gains and plunged towards the red scale as the greenback advanced further on negative Canada economic data. The dollar index extended gains and reached a days high of 82.47, up 0.57% as Canadas first batch of […]