Samsung CEO J.K. Shin had a lot to say this week as he reassured investors that the company’s latest flagship smartphone is indeed selling well, while at the same time dismissing the notion that the company is anywhere close to easing the strained relationship with its chief rival, Apple. Samsung’s stock dropped 6% last week when a J.P Morgan report warned investors that sales of its recently launched Galaxy S4 smartphone could fall short of expectations. Shin dismissed J.P. Morgan’s analysis of S4 sales according to The Korea Times. He said the following regarding the matter:
I can say sales of the Galaxy S4 smartphone are fine. It's been selling well. The report was based on its own analysis. Probably the bank may have corrected its previous bullish estimate about the S4 sales.
Shin also commented on Samsung’s ongoing worldwide patent struggle with Apple, mentioning that Samsung has no plans to relent or concede. Shin said the following regarding the topic:
Patent disputes against Apple will continue.