Samsung plans to release Galaxy Camera 2 at June 20 event

In his statement to The Korea Times, Samsung CEO JK Shin let it out that the company plans to release the Galaxy Camera 2 (not sure if that's the name Samsung has come up with) at its scheduled June 20 event in London. "Samsung will release our latest mirrorless camera that runs on Google’s Android software," Shin was quoted as telling reporters.

With that we know the South Korean giant will have the Galaxy Camera 2 on show at its June 20 event, in addition to the newly-announced Galaxy S4 zoom smartphone that boasts of features like 10x optical zoom, 16MP CMOS Sensor, OIS and Xenon flash. Reportedly, the company is putting in good money in mirrorless camera, since it believes factors like high corporate awareness and "undisputable leverage in manufacturing" will bring it a good chunk in the market. 

Plans to release the successor to Galaxy Camera at the upcoming event

Samsung launched its Galaxy Camera in India last year for Rs 29,900. It was first announced at the IFA 2012 event and was the first camera to run on Android. Samsung Galaxy Camera features a 21x zoom lens that has a focal length of 23 mm at the widest end and a 16 megapixel BSI CMOS sensor. The zoom can be controlled by either the physical button or through the touchscreen, while the optical image stabiliser ensures that images stay clear. The Galaxy Camera features a large display, which is a 4.8-inch HD Super Clear LCD screen. Wireless connectivity enables the device to load applications for photo-editing, sharing and more.

Shin's statements incidentally came as a result of a certain JP Morgan report that "predicted significant setbacks" in the sales of Samsung Galaxy S4 smartphone, which led to Samsung shares dropping by 6.2 percent. In his response to the reports regarding the sales of the Galaxy S4, Shin told reporters that the smartphone is selling well.