Samsung takes aim at Japanese rivals with Android camera

Wed Nov 28, 2012 11:57pm EST
 

By Miyoung Kim

SEOUL (Reuters) - South Korean consumer electronics giant Samsung Electronics Co is taking aim at its Japanese rivals with an Android-powered digital camera that allows users to swiftly and wirelessly upload pictures to social networking sites.

The Galaxy camera lets users connect to a mobile network or Wi-Fi to share photographs and video without having to hook up the camera to a computer.

While it's not the first to the market, Samsung's financial and marketing clout suggest it could be the biggest threat to Japanese domination of a digital camera industry which research firm Lucintel sees growing to $46 billion by 2017 and where big brands include Canon Inc, Sony Corp, Panasonic Corp, Nikon Corp and Olympus Corp.

"Samsung has a tough row to hoe against the likes of Canon and Nikon in the camera brand equity landscape," said Liz Cutting, senior imaging analyst at research firm NPD Group. "Yet as a brand known more in the connected electronic device arena, Samsung has a unique opportunity to transfer strength from adjacent categories into the dedicated camera world."

The Korean group, battling for mobile gadget supremacy against Apple Inc, is already a global market leader in televisions, smartphones and memory chips.

Samsung last year brought its camera and digital imaging business - one of its smallest - under the supervision of JK Shin, who heads a mobile business that generated 70 percent of Samsung's $7.4 billion third-quarter profit.

"Our camera business is quickly evolving ... and I think it will be able to set a new landmark for Samsung," Shin said on Thursday at a launch event in Seoul. "The product will open a new chapter in communications - visual communications," he said, noting good reviews for the Samsung Galaxy camera which went on sale in Europe and the United States earlier this month.

AIMING AT 'PRO-SUMERS'   Continued...

A man takes a picture of a Samsung Galaxy Camera during press preview day before the official start of the IFA consumer electronics fair in Berlin, in this August 30, 2012 file picture. South Korean consumer electronics giant Samsung Electronics Co is taking aim at its Japanese rivals with an Android-powered digital camera that allows users to swiftly and wirelessly upload pictures to social networking sites. REUTERS/Tobias Schwarz/File