CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Samsung shares down on Gear 2 launch

Article By: ,  Financial Analyst
February 24, 2014 10:15 AM

The share price of Samsung was slightly down today (February 24th) following the latest product launch by the electronics company.

It was announced by the firm that an updated version of its smartwatch – the Gear – is going to come out later in the year.

Wearable technology is expected to be a massive area of growth in the coming years, but consumers are yet to snap up technology such as the Gear and products from rivals.

The Gear 2 will come with a wide range of upgrades to make it more appealing to members of the public and it was confirmed by Samsung that it will run on Tizen OS rather than Google's Android software. Tizen is one of the newest players in the mobile operating system market.

Lighter version

As well as the Gear 2, the company unveiled a lighter version of the smartwatch that it has dubbed Gear 2 Neo. Both of the new watches come with features such as a heart rate sensor and a pedometer, as well as various tools to measure exercise, sleep and stress levels.

"Offering extended connectivity features, stylish customisation options and a robust application network, we have enhanced everything that people love about the original Galaxy Gear to create a second generation of wearable devices that offer unparalleled smart freedom," said Simon Stanford, vice-president of IT and mobile for Samsung Electronics UK and Ireland.

Samsung has been making strong progress in the mobile technology market in the last few years, becoming the major rival to Apple with its smartphones and tablet computers. The Galaxy range of smartphones is now one of the top sellers in the world and the Galaxy Tabs have also been very popular among consumers around the globe.

A major change to have been made to both the Gear 2 and the Gear 2 Neo is a considerably improved battery life. A short battery life is one of the reasons why consumers are believed to have been holding back from buying wearable technology such as smartwatches.

Samsung stocks slipped by 0.15 per cent on the back of the product launches today.

Learn about the Asian markets and CFD trading at City Index

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024