Samsung to Unveil Galaxy as Apple, Xiaomi Squeeze Business
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Samsung Electronics Co. will unveil a high-end Galaxy phone next week in circumstances far different than those facing the previous model as it fights to stay atop an industry that’s proven hard for one company to lead for long.
Instead of March’s exclusive gala at New York’s Radio City Music Hall for the S4, the new device will be unwrapped at a trade show in Barcelona, where the world’s biggest mobile-phone maker shares the spotlight with other producers and carriers. Samsung is now facing slumping profit growth, a falling share price and increasing sales by Apple Inc. and Chinese newcomer Xiaomi Corp.