Why Samsung Is Getting Hammered By Eroding Profits

South Korea Plans to Bring 5G services Before China and the USA

On March 21st we reported that the Galaxy S10 5G would go on sale in Korea this coming Friday.

But thanks to South Korea INB4ing the hell out of the US the Z3 wasn't quite the first device to be utitilised publicly on a 5G network.

Samsung will eventually bring the Galaxy S10 5G to more markets across the globe.

Mobile carriers are competitively developing and introducing photorealistic live streaming services and virtual reality experiences to prove that 5G network is a change that is worth the cost of purchasing a new phone and plan.

A few hours after the announcement, US telecoms company Verizon Communications Inc said it was launching Wednesday its 5G service on mobile phones in two cities, moving up its schedule by a week.

This network complements Verizon's existing "5G Home" service which launched in October in select areas and is a wireless alternative to a traditional cable-based home internet connection, but does not work far beyond the walls of your home.

South Korea Plans to Bring 5G services Before China and the USA

SK Teleom's firstcomers for 5G mobile service including figure skater Kim Yu-na (3rd from left) pose with their phones in Seoul on Wednesday, a day ahead of the official launch. In South Korea, the price of Galaxy S10 5G will be from $1,230 - 256GB to $1,360 - 512GB.

Park Jung-ho, CEO of SK Telecom, attends a launching ceremony for its 5G service, in Seoul, South Korea, April 3, 2019. That's anywhere from 10 to 100 times faster than today's mobile service. For Samsung, the early mover tag in 5G gives a major lead over Apple Inc by at least one-and-a-half years.

Sometimes it can offer 100-times faster speeds.

Shares of the South Korean firm trimmed earlier gains after the news and turned down as much as 1.5 percent on April 5, in a broader market that was up 1.2 percent.

Full-fledged nationwide 5G service is still more than a year away. The news agency Yonhap said there is speculation that due to the launch of late 5G services by South Korean companies, United States telecom company Verizon was forced to launch its 5G services early.

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