Samsung to Focus on Improving Smartphone Software
Samsung plans to boost the appeal of its smartphones by making changes to its software. "The company will focus on strengthening the competitiveness of its software, along with hardware, services and wearable products," said Samsung. It will also debut "an enhanced product mix with the introduction of new lineups, such as the Galaxy A series." Samsung plans to fight a stagnating market by reinforcing its leadership in the flagship space while also increasing shipments of mass market handsets to improve profitability. The company recently reported its fourth quarter earnings, which saw Samsung bring in revenue of $44 billion and record a net profit of $5.1 billion — a drop of 40% compared to the year-ago period. Samsung will continue to foster growth in is chip, panel, Smart Home, IoT, and home appliances businesses with new technology and expanded lineups.
Google Home Gains More Home Automation Powers
Google today expanded the number of third-party smart home apps that can be controlled by its Google Home product. Owners of Google Home can now control Belkin Wemo and Honeywell smart home products via Google Home.
Samsung to Adjust Price of Galaxy S6 and S6 Edge
Samsung reported its second quarter earnings today and signaled some changes in its handset strategy. Despite the release of its flagship handsets during the quarter, Samsung's mobile phone business saw a 38% decline in profits when compared to the year-ago quarter.
Samsung Forges Bio-Processor for Wearables
Samsung is taking direct aim at the wearable market with a new processor custom-designed to monitor health and fitness data. The Bio-Processor combines Analog Front Ends (AFEs), a micro controller, a power management integrated circuit, a digital signal processor, and an eFlash memory chip into a single module.
Samsung Says It Will Refocus on Low-Cost Devices
Samsung today indicated it plans to tackle anew the entry-level and mid-range smartphone segments after reporting a 60% drop in profits for its most recent financial quarter. The weakened profits reflects sluggish sales of its high-end smartphones, such as the Galaxy S5 and Note 4.
LG Says It Will Release Two Flagship Phones This Year
LG today said it will introduce two high-end smartphones during 2016 to better compete with its rivals. The company believes the new flagship models and "a more cost-competitive value chain" will help it recoup profits and marketshare throughout the year.