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Samsung, Lg Unveil New Devices In Bid For Smartphone Recovery


Ron Burgundy
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A worker carries a box next to the main entrance of the Mobile World Congress in BarcelonaBy Paul Sandle and Harro Ten Wolde BARCELONA (Reuters) - Samsung Electronics Co Ltd and LG Electronics Inc unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth. A push by Chinese manufacturers to expand overseas amid slowing growth in their domestic market may also undercut margins further. In a bid to recapture market share, Samsung launched two new versions of its Galaxy S smartphone and brought in Facebook Inc Chief Executive Mark Zuckerberg for a surprise appearance to tout the potential of virtual reality, prompting hundreds of people to rush to the stage to record the moment.




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