Samsung CEO: S4 Sales Fine, No Surrender in Apple Battle

Credit: ubergizmo

Samsung’s (SSNLF.PK) CEO Shin Jong-kyun went into damage control mode earlier this week as he reassured investors that the company’s flagship Galaxy S4 device is still selling strong after a recent JPMorgan report sparked a 6.2 percent drop in the Korean company’s stock. Shin Jong-kyun also told investors that his company’s legal battles with Apple (NASDAQ:AAPL) were likely to continue.

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“I can say sales of the Galaxy S4 smartphone are fine. It’s been selling well,” said the CEO of the South Korean conglomerate via The Korea Times. “The report [by J.P. Morgan] was based on its own analysis. Probably, the bank may have corrected its previous bullish estimate about the S4 sales,” he stated.

Shin Jong-kyun also briefly addressed the multiple legal battles that Samsung and Apple are currently fighting in courts around the world. “Patent disputes against Apple will be continue [sic],” noted the CEO. Samsung was recently handed a rare victory in its U.S. patent-infringement battle with Apple when the International Trade Commission banned the importation and sale of some older iPhone and iPad models.