Samsung to launch two new smartphones in the next six months

According to Samsung's Senior Vice President of Mobile Communications, Kim Hyun-joon, the South Korean giant will be launching two new smartphones within the next six months to fight off the competition.

One of these new smartphones will be built using "new materials," which should arrive as the new flagship smartphone from Samsung, the premium Galaxy S5 we've all been waiting for, while the other one will be a large-screen model according to analysts. This large-screen smartphone should materialize into the Galaxy Note 4, which should rock some pretty serious specifications. The Samsung executive also said that the company will be launching new models into the mid-to-low-end market with enhanced specifications.

These teases of new devices are thanks to the company seeing its net profit drop 19.6% from the previous year due to "mismanagement of inventory, stiff competition and a strong Korean won that made its products less competitive overseas" reports The Wall Street Journal. Samsung's mobile division saw profits drop 30%, which is the company's biggest profit generator. The company said in a statement: "Prospects for growth remain unclear as competition over global market share intensifies in the mobile industry".