Samsung officially unveiled the Galaxy Note 5 at a press conference in New York. The launching followed five successive falls in the quarterly profits of Samsung Electronics.

Similar to the previous Note versions, the new version comes with a stylus or S Pen, which according to Samsung will make it suitable for productivity tasks.  It features a 5.7-inch display and a sleek metal and glass design.  You can use the Galaxy Note 5 with a compatible computer answering messages and calls from either device with Sidesync.

Samsung Sidesync is a new PC-Mobile solution that enables the screens, windows, and data to be shared easily between a Samsung PC and Galaxy phone or tablet.  

Samsung Note 5 boasts a couple of other features including a button in the camera apps that activates a "live broadcast" mode streaming 1080p high definition video to YouTube and sends invitations to selected acquaintances and it supports the ultra-high quality audio (UHQA) format.

Unfortunately, the South Korean firm has no plans at the moment to release the Note 5 in Europe citing a change of marketing strategy, which could be a mistake according to one company-watcher.  Ian Fogg from HIS Technology said that he believed the decision not to launch the Note 5 in Europe was "surprising and disappointing".

According to analysts, the demand for Samsung devices went down due to the popularity of mid-range phones from Chinese rivals and the shifting of Apple to bigger iPhones. Nevertheless, the company remains the world leader when it comes to overall smartphone shipments.                  

By August 20, 2015, Samsung Pay which is a smart wallet service will go live in South Korea. The great service will enable phones to trigger payment card transactions. U.S. will have to wait for the service to get activated until September 28, then to the UK and Spain with no specific date.