Samsung Aims To Bake Apple With New Mobile Devices $aapl #samsung
Samsung is turning up the heat on Apple (AAPL), announcing a direct competitor to the iPad Mini and making plans to debut its next-generation smartphone on Apple's home turf.
The South Korean consumer electronics giant has become increasing bold since it took the global lead in smartphone sales from Apple's iPhone with its Galaxy handsets last year.
Samsung on Sunday introduced an 8-inch tablet that competes with Apple's 7.9-inch iPad Mini. Samsung's Galaxy Note 8.0 includes a stylus, runs Google's (GOOG) Android software and is capable of showing multiple apps on the screen at the same time, the company said. And unlike the iPad Mini, the Galaxy Note 8.0 can double as a phone. The device will be available in the second quarter.