Samsung Galaxy S3 Hits US–For $800
The wildly successful Samsung Galaxy S 3 will be available in the US starting on June 1. But, the first wave of handsets will not be sold by carriers. Amazon.com (NASDAQ: AMZN) will sell the new Galaxy without a wireless…
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Wireless companies underwrite the costs of smartphones because they get two year subscriptions from customers. Amazon will sell the Galaxy S 3 for $800. The product will be “unlocked” so it can be used on a number of networks.
There is some debate over whether its powerful processor is set to work on super-fast 4G LTE networks, of if a less powerful processor will be required to operate on those systems. The Samsung Galaxy is widely regarded as the primary competitor to the Apple (NASDAQ: AAPL) iPhone 4S, so early sales in the US will prove whether that perception is true.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.