The game console will cost about $468 in China, and the company says it has already signed up 70 third-party software developers to create games.
The rivals tie for the top spot in the fourth quarter of 2014, with Apple's fortunes on the rise and Samsung's heading in the opposite direction, according to figures from researcher Strategy Analytics.
Big-screened phones will account for more than 20 percent of mobile devices shipped by 2019, according to Juniper Research.
The company says it was able to double the amount of shipments on the premium side of the market and that it shipped nearly 17 million units worldwide in the third quarter.
The world's biggest chipmaker ended 2014 on solid footing thanks in part to its reinvigorated PC business. However, Intel's mobile division remains a huge drag.
Microsoft's new Lumia 532 and Lumia 435 further bulk up its low-end and help it reach new customers around the globe.
The company's revenue surged past Wall Street expectations. Now the countdown begins for the Apple Watch, shipping in April.
The chipmaker takes the wraps off its fifth-generation Core processors for desktops and high-performance laptops.
Google's mobile OS reigned supreme in the third quarter with 84 percent of global shipments, says research firm Strategy Analytics. And then there are the warning signs.
With the new iPhones not yet available in China, individuals are scooping them up through other sources and then reselling them at high prices, says Bloomberg.