Samsung Electronics says Galaxy Note 7 demand beats supply

Reuters

23 August 2016 at 7:50 pm

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd <005930.KS> said on Wednesday stronger-than-expected demand for the new Galaxy Note 7 is causing supply constraints globally, suggesting strong initial sales for the premium device.

"As pre-order results for the Galaxy Note 7 have far exceeded our estimates, its release date in some markets has been adjusted," Samsung told Reuters in a statement.

(Reporting by Se Young Lee; Editing by Stephen Coates)

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