Apple's Biggest Competitor to Undercut the iPhone 5's Unveiling

Loading...
Loading...
Apple
AAPL
is expected to announce the next version of the iPhone in early September, but not before Samsung unveils its next major smartphone.
According to
The Wall Street Journal
, Samsung has sent out invitations to an event that will take place on August 29 in Berlin, Germany. The invitation did not specify which device would be shown, but a Samsung spokesperson told The Wall Street Journal that it would unveil the next version of the Galaxy Note. Designed to be a hybrid that combines the best of smartphones and tablets, the Galaxy Note features a 5.3-inch screen that dwarfs the size of most other smartphones. The device was initially believed to be a niche product that would satisfy a very specific market. In March, Samsung announced that the company had shipped
five million Galaxy Notes
in just five months. While that pales in comparison to the
millions of iPhones
that are sold every quarter, Samsung's success is not to be ignored. The Galaxy Note is just one of many smartphones that Samsung produces. Collectively, the company
sells more smartphones than Apple
. Details regarding the Galaxy Note II are scarce. However, rumors suggest that it will feature a larger screen (5.5 inches) and a faster processor among other notable enhancements. Apple is expected to increase the size of its next smartphone as well. While the company has yet to release any specifics about the device, the iPhone 5 is rumored to be
10 percent thinner
than the iPhone 4S and contain a four-inch Retina Display as well as a quad-core processor. In November, Apple is also expected to release another version of the iPad. This one will not be a direct sequel to the current tablet, however. Instead, Apple is
believed to be developing
a seven-inch device to compete against the Kindle Fire from Amazon
AMZN
and the Nexus 7 from Google
Loading...
Loading...
GOOG
, as well as Microsoft's
MSFT
first tablet, Surface. Apple may also face competition from Dell
DELL
and Hewlett-Packard
HPQ
, both of which are expected to release
new Windows 8 tablets
in 2012.
Follow me @LouisBedigianBZ
Loading...
Loading...
Posted In: NewsWall Street JournalRumorsTechMediaAppleGalaxy NoteGalaxy Note IIiPhone 4SiPhone 5Samsung
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...