LAS VEGAS — Samsung Electronics is well-known for its excessive-end smartphones and sturdy home equipment. But it’s far now branching into the “internet of factors,” which expects to provide new commercial enterprise opportunities.

The South Korean tech conglomerate unveiled Monday its ambition to attach client reviews across its various gadgets at the domestic, workplace, and the go at this yr’s Consumer Electronics Show in Las Vegas. Samsung plans to make all of its merchandise prepared to be linked by the internet of factors by using 2020 thru an open, steady, and intelligent platform.

“At Samsung, we trust [internet of things] have to be as smooth as flipping a transfer. With the brand new products and services announced these days, we’re making [internet of things] less complicated and greater seamless,” said Kim Hyun-suk, head of the organization’s client electronics department in a press convention. Samsung is getting ready for the following step past its booming chip-making commercial enterprise and amid sluggish cellphone sales. The company sees the net of factors and artificial intelligence offering new business opportunities.


At the show, the organization confirmed some examples, together with a tv loading a consumer’s personal records from his cellphone to a fridge briefing a person of his daily schedules via voice assistant Bixby. Samsung said that such experiences would make bigger cars because it develops generation with its car electronics associate Harman. Samsung highlighted its ongoing dedication to investing in leap forward technology. In 2017, Samsung spent extra than $14 billion on research and development. The agency also increased investments via Samsung Next, a key initiative to boost its transformation into an integrated hardware and software organization.

In Seoul, the employer stated it recorded 66 trillion won ($61.7 billion) in sales inside the fourth region, up 23.76% from 12 months ago, with running income jumping 63.77% to 15.1 trillion gained within the same duration. Samsung did now not launch its statistics by using division. However, analysts say that its semiconductor commercial enterprise can also have led the business enterprise’s profits on the lower back of robust demand for reminiscence chips.

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It method that the organization’s sales reached 239.6 trillion gained ultimate yr, up 18.Sixty nine% 12 months-on-12 months. Its running profit soared 83.31% to fifty-three .6 trillion received throughout the equal duration, marking file income. However, Samsung Electronics stocks fell three.11% to two,520,000 received on Tuesday, underperforming the benchmark KOSPI’s 0.12% dip, as its quarterly running earnings no longer meet marketplace expectations 16.14 trillion received, as compiled using QUICK-FactSet.

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