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Morning Market Scoop 22 February 2019

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Barry Dumas
Moring-market-scoop

Morning Market Scoop 22 February 2019

In our morning market scoop:

  • FUN FRIDAy - Samsung Electronics Co Ltd held a launch event in San Francisco earlier this week and unveiled the Galaxy Fold which will go on sale by 26 April 2019

What is that

“What is That????”

What’s the scoop? Samsung Product Launch

The future we have all seen and loved in Sci-Fi movies is starting to become a reality as Samsung Electronics Co Ltd have just revealed the first ever foldable screen phone. What??, yes you heard me “foldable-screen-phone!

  • Samsung Electronics Co Ltd held a launch event in San Francisco earlier this week and unveiled the Galaxy Fold which will go on sale by 26 April 2019.

Samsung galaxy fold

The big picture – The reveal came as a shock and a surprize to unsuspecting journalists covering the event as they were briefed before time about the new 5G versions of the existing Galaxy S phones. The Galaxy Fold starts out as a smartphone with a 4.6-inch display and unfolds to become a tablet of 7.3 inches. The South Korean tech giant just cemented its future as the most innovative Smart Phone developer in the world moving forward.

  • But yes, you guessed it, innovation does come at a premium and the Galaxy Fold is no exception bosting a price tag of $2000.

On the flip side, in a market where consumers are cash strapped and holding on to their smart devises for longer I suspect that the products won’t fly of the shelves, or might that be the Next upgrade to come?

Notable companies reporting earnings are:

South Africa: Anglo American PLC, Assore Ltd, British American Tobacco, Blue Label Telecoms and Northam Platinum.

What does all this mean for me?

  • Not much if you are an Apple enthusiast like myself but I am sure the Samsung oaks would appreciate it….?
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