Samsung will unveil its new flagship smartphone, the Galaxy S8, at a special event in New York on March 29. Following the fiasco surrounding the Galaxy Note 7’s faulty batteries, the company has a lot riding on the Galaxy S8. In order to gain back consumer trust, the Korean electronics giant needs the launch of its next flagship device to go flawless, which is probably why the presentation was pushed back to late March.
Making up for the Galaxy Note debacle isn’t the only reason why the Galaxy S8 better be a hit: as our chart illustrates, Samsung has fallen behind Apple in terms of mobile device sales recently. The company may still lead the smartphone market in terms of unit sales, but in terms of revenue, the iPhone alone beats Samsung’s entire mobile communications unit by more than 70 percent.