Samsung Reveals S4 Galaxy 4G 'Double Speed'

Apple rival Samsung confirms it is about to launch anew chipset S4 Galaxy, with the potential to double its 4G transfer speeds.Electronics giant Samsung plans tosell a variation of its flagship Galaxy S4 smartphone that will transmit data at nearly twice the normal speed, it has confirmed. Mobile business boss and co-chief executive JK Shin said the phone would be on sale in the home market by the end of June. South Korea-based Samsung, the world's biggest technology firm by revenue, saidthe phone would then be rolled out elsewhere. Samsung was in talks with several unnamedoverseas carriers to take the phone. "We'll be the firstwith the commercial launchof the advanced 4G version of thesmartphone," Mr Shin said. The new S4 will use LTE-Advanced 4G technology, an upgrade from conventional 4G called LTE, or long term evolution. LTE-Advanced offers data transmission at up to twice the normal 4G speed. A movie download that takes 3 minutes with conventional4G would take slightly more than 1 minute, Samsung said. The phones will be powered by chips designed by Qualcomm, which has had a mobile phone presence since the 1980s. The announcement comes after Samsung's shares have lostaround £12bn since June 7 after analysts cut forecasts for Galaxy S4 sales by as much as 30% on data showing the high-end smartphone market reaching saturation. The same saturation problem has alsohit sales of the iPhone 5, made by arch rival Apple. Samsung has also released budget Galaxy versions, reducing its margin on those phones. The new phone revelation comesas the South Korean firm madea deal with American hip-hopstar Jay-Z for one million copiesof his latest, unreleased album. The company is giving a million users of existingGalaxy phones a free copy if they download a special app. According to the Wall Street Journal, Samsungpaid Jay-Z $5m (£3.2m) for the one million copiesfor the giveaway- making the rap mogul's Magna Carta Holy Grail album potentially the first album togain platinum status long before its official release.