Friday, December 12, 2014

Samsung Boots Up Its Smart Home Division - Businessweek

Strategy by process of elimination?

"Samsung’s mobile profit tumbled 74 percent in the most recent quarter from the same period a year earlier, halving the company’s net income. To make up for some of that lost revenue, it’s trying to impress people with unprecedented levels of remote control over their homes. Internet-linked appliances have been slow to catch on, but given Samsung’s sizable share of both the appliance and electronics market, the company has as good a chance as anyone to sell people on a system of devices that work well together. Success could propel sales of its electronics, appliances, and chips for a generation; the market for Internet-connected appliances will grow to $7.1 trillion by 2020, from $1.9 trillion last year, estimates market researcher IDC."
Samsung Boots Up Its Smart Home Division - Businessweek
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