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

  • Crude oil trading outlook: WTI and Brent futures lower after US inventories dataCrude oil trading outlook: WTI and Brent futures lower after US inventories data WTI and Brent prices were lower during early trade in Europe today. Both crude and products inventories in the US were shown to have been drawn last week, a report revealed on Wednesday, though the news failed to lift prices, as supplies are […]
  • BP to establish large-scale green hydrogen plant in UKBP to establish large-scale green hydrogen plant in UK BP announced on Monday plans to establish a large-scale green hydrogen production facility in northeast England, powered by wind, water and solar energy, as the company seeks to aid Britain's move away from fossil fuels.Nicknamed […]
  • Binary Tribune’s Stock Trading Signals for October 5th 2016Binary Tribune’s Stock Trading Signals for October 5th 2016 Tesla Motors Inc., NASDAQ: TSLA: 1. If todays open price falls within the $210.17-$212.65 range, buy 2 ticks above $210.17, TP1 - $211.82, TP2 - $212.24, TP3 - $212.65, SL - 2 ticks below $208.94.Sell 2 ticks below $212.65, TP1 - […]
  • Microsoft Corp. announces record sales under CEO BallmerMicrosoft Corp. announces record sales under CEO Ballmer In his last months at the position of Chief Executive Officer of Microsoft Corp.s, Steve Ballmer managed to deliver results even higher than expectations thanks to the increased interest of the companys customers towards game consoles and […]
  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Yesterday’s trade saw USD/CAD within the range of 1.2390-1.2587. The pair closed at 1.2435, losing 1.11% on a daily basis.At 10:38 GMT today USD/CAD was up 0.08% for the day to trade at 1.2443. The pair touched a daily high at 1.2462 at […]
  • Toyota share price down, expands Takata-related recalls by 5 millionToyota share price down, expands Takata-related recalls by 5 million Japanese carmaker Toyota Motor Corp announced on Wednesday it will recall just under 5 million vehicles due to risk of moisture intrusion on certain types of air bags produced by Takata Corp.The worlds biggest auto manufacturer said it […]