Economy, Sci & Tech

Samsung Eyes Young Buyers With Galaxy Note 9

Samsung Eyes Young Buyers With Galaxy Note 9Samsung Eyes Young Buyers With Galaxy Note 9

Samsung Electronics Co Ltd unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services for gamers and music-lovers.

Launching the Note 9 at 11 a.m. in New York, or Friday midnight in Seoul, Samsung also announced partnerships with global hit game Fortnite and music-streaming service Spotify Technology SA in a stepped-up challenge to Apple Inc  in the premium-phone race, Reuters reported.

Samsung’s new focus marks a shift away from its previous positioning of the Note as a multi-tasking device popular with graphic designers and artists.

But the hefty price tag—at $999.99 for the base 128 gigabyte model, according to US carrier Verizon Communications Inc—has raised questions as to whether features such as a longer battery life and quick cooling would be enough to attract customers.

“I couldn’t find anything that was eye-catching enough to prompt customers to ignore the high price tag,” said Greg Roh, an analyst at Hyundai Motor Securities.

Shares of Samsung were down 3.5% in Seoul, mirroring weakness in other chip-related stocks.

Samsung is under pressure to jump-start faltering smartphone sales after posting its slowest quarterly profit growth in more than a year, as rivals such as China’s Huawei Technologies nipped at its heels with cheaper, feature-packed models.

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