Samsung, Google Delay Phone Launch

NEW YORK (TheStreet) -- Apple (AAPL) archrivals Google (GOOG) and Samsung will hold off on the launch of a new smartphone in the wake of Steve Jobs' death, according to published media reports.

Google and Samsung had planned to launch a new Android phone next Tuesday at a San Diego trade show but decided Thursday to postpone the event to honor Jobs' death, according to a CNN report that cited Samsung representative Kim Titus.

"We just felt that it wasn't the right time to make a major product announcement while the world is still paying tribute to Steve Jobs," Titus was quoted saying. "There's never been such an iconic figure in our industry pass away before."

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Meanwhile, a Google representative said in a statement, "We believe this is not the right time to announce a new product as the world expresses tribute to Steve Jobs' passing," the report added.

The Samsung representative said the new Android phone is on track, and the launch postponement is only related to Jobs' death, the report said.

A new date for the launch news conference has not been set, Titus reportedly said.

The Apple rivals were expected to unveil a Nexus phone with a curved glass screen, the report noted. It would be the first phone to run a new version of Android called Ice-Cream Sandwich.

Apple shares finished Friday down $7.57, or 2.0%, at $369.80.

Google stock ended the session up 41 cents, or 0.1% at $515.12.

This article was written by a staff member of TheStreet.

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