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. Photo: BloombergSeoul: Tech giant Samsung Electronics Co. Ltd 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. While strong smartphone sales could lead to another quarter of solid mobile earnings for the company, Samsung also risks missing out on revenue should shortages persist. Inability to supply enough of the curved-screen Galaxy S6 edge phone last year cost the company, analysts and investors have said.

Source: Mint August 24, 2016 00:22 UTC