We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Samsung Offers Phone Delivery Service in Parts of South Korea
Read MoreHide Full Article
Samsung Electronics Co. has reportedly launched a smartphone delivery service to enable customers in some parts of South Korea to test its newly launched products.
Per Reuters, customers willing to try out the Galaxy S20 can now have one delivered to their homes and can use the phone for up to 24 hours, after which it will be picked up by a delivery worker.
Contactless Delivery Most Suitable
Notably, In China, companies like McDonald’s (MCD - Free Report) and Starbucks (SBUX - Free Report) have launched similar services to keep their customers and workers safe from the infection.
Both companies have ramped up their contactless pickup and delivery services while customers who visit the stores will have to order remotely via mobile phones or in-store computers.
Moreover, Yum China, which has accelerated its contactless delivery as a result of the crisis, stated that the service has been well-received by customers and is ensuring that its delivery business continues to hold up during this time of significantly reduced dine-in customers.
Samsung’s New Service to Curb Coronavirus Impact
Samsung has been making efforts to brace itself for the headwinds brought on by the coronavirus outbreak and the launch of the service is part of these efforts.
Notably, the company has cancelled promotional events like ‘Galaxy fan parties’ and cut down on in-store zones for trying-out new phones. While the Galaxy Note 10 had 130 such zones in South Korea, the Galaxy S20 only has nine.
The coronavirus outbreak is expected to affect the smartphone industry with most of the companies having their supply chains in China. Additionally, analysts predict the outbreak to reduce demand for smartphones by half in China, the biggest market for these devices.
Major smartphone players have lowered their revenue expectations and taken steps to minimize the business impact of the virus outbreak.
Notably, Apple (AAPL - Free Report) lowered its guidance for sales that was set only a few weeks ago while Xiaomi live-streamed its smart phone launch event due to restriction on travel and large gatherings in China.
Although Samsung is likely to be affected by the coronavirus outbreak in China, the launch of its game-changing devices like the Galaxy S20 series and the Z Flip is expected to provide it a competitive edge against its peers once the crisis ends.
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year. See their latest picks free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Samsung Offers Phone Delivery Service in Parts of South Korea
Samsung Electronics Co. has reportedly launched a smartphone delivery service to enable customers in some parts of South Korea to test its newly launched products.
Per Reuters, customers willing to try out the Galaxy S20 can now have one delivered to their homes and can use the phone for up to 24 hours, after which it will be picked up by a delivery worker.
Contactless Delivery Most Suitable
Notably, In China, companies like McDonald’s (MCD - Free Report) and Starbucks (SBUX - Free Report) have launched similar services to keep their customers and workers safe from the infection.
Both companies have ramped up their contactless pickup and delivery services while customers who visit the stores will have to order remotely via mobile phones or in-store computers.
Samsung Electronics Co. Revenue (Quarterly)
Samsung Electronics Co. revenue-quarterly | Samsung Electronics Co. Quote
Moreover, Yum China, which has accelerated its contactless delivery as a result of the crisis, stated that the service has been well-received by customers and is ensuring that its delivery business continues to hold up during this time of significantly reduced dine-in customers.
Samsung’s New Service to Curb Coronavirus Impact
Samsung has been making efforts to brace itself for the headwinds brought on by the coronavirus outbreak and the launch of the service is part of these efforts.
Notably, the company has cancelled promotional events like ‘Galaxy fan parties’ and cut down on in-store zones for trying-out new phones. While the Galaxy Note 10 had 130 such zones in South Korea, the Galaxy S20 only has nine.
The coronavirus outbreak is expected to affect the smartphone industry with most of the companies having their supply chains in China. Additionally, analysts predict the outbreak to reduce demand for smartphones by half in China, the biggest market for these devices.
Major smartphone players have lowered their revenue expectations and taken steps to minimize the business impact of the virus outbreak.
Notably, Apple (AAPL - Free Report) lowered its guidance for sales that was set only a few weeks ago while Xiaomi live-streamed its smart phone launch event due to restriction on travel and large gatherings in China.
Although Samsung is likely to be affected by the coronavirus outbreak in China, the launch of its game-changing devices like the Galaxy S20 series and the Z Flip is expected to provide it a competitive edge against its peers once the crisis ends.
Zacks Rank
Samsung sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>