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Samsung in search of new growth engines with new taskforce!
Samsung Electronics has recently come up with large acquisition deals in the global market under the leadership of the vice-chairman Han Jong-hee, the company has disclosed today.
According to the Korea Times, Samsung Electronics has appointed Kim Jae-Yoon as the new leader of the task force. The new team will comprise 10 new members, which are going to handle the company planning and strategy making department.
Samsung might have done this latest reshuffling as its efforts to crack large acquisition deals in the global market, but it remained cautious while disclosing its future agenda.
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Samsung in search of sustainable growth engines?
Samsung is presently working on improving its digital design. Improving its high-performance computing infrastructure. Working on the latest QLEDs to make it thinner and slimmer. Continuously doing lots of innovation to improve the battery performance of its device.
After conquering the single fold and double fold display technology presently working on advanced triple-fold display technology. Any of these things can be a possible growth engine for Samsung in the present year 2022.
Samsung is ambitiously moving towards its goal and aims to more acquisitions in the upcoming days. Samsung Electronics is currently having 125 trillion won (98 billion dollars) in its pocket but has not done any successful corporate acquisition deals after taking over the global sound technology company Harman for 8 billion US dollars in 2016.
The present-day competition in smartphones, TVs, and memory chip production is the faster-growing call for the industry, possibly the next growth engine for Samsung.
Samsung is back with its exciting Fab Grab Fest sale in India. The company announced striking deals on smartphones, tablets, wearables, accessories, and much more. The sale starts today and Flipkart is already selling the S23 5G and S23 FE at their lowest price yet.
Fab Grab Fest
Samsung consumers in India avail up to 64% off on select models of the Galaxy S series, Galaxy Z series, and Galaxy A series smartphones. Select models of Galaxy tablets, accessories and Galaxy smartwatches will be available at up to 77% off.
As part of the exciting bank offers, customers can experience exceptional savings of up to 22.5% cashback when using HDFC Bank, ICICI Bank, and other leading debit and credit cards, with a maximum cashback of up to INR 25000.
Image: Samsung Newsroom
Smartphones Up to 64% off on MRP Galaxy S24 Ultra, Galaxy S24+, Galaxy S24, Galaxy Z Fold5, Galaxy Z Flip5, Galaxy S23 FE, Galaxy S21 FE, Galaxy A55, Galaxy A35, Galaxy A15
Tablets, Wearables Up to 77% off on MRP Galaxy Tab S9 Series, Galaxy Tab S9 FE+, Galaxy Tab S9 FE, Galaxy Tab A9+, Galaxy Tab A9, Galaxy Buds 2 Pro, Galaxy Watch6 Classic, Galaxy Watch 6, Watch 4 Classic, Galaxy Buds FE, Galaxy Fit 3
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Samsung and O2 Telefónica deployed their first 5G vRAN and Open RAN commercial site in Germany. This exciting news came right from Samsung’s Global Newsroom, making the company’s 5G vRAN solution being used in a commercial network in Germany.
Back in October 2023, both companies agreed to develop a roadmap for several tests of vRAN and Open RAN. Following the extensive trials, O2 Telefónica and Samsung are now progressing from lab to field with the launch of this first commercial site.
O2 Telefónica is working on an even more efficient network leveraging modern and advanced RAN, open interfaces, and automation capabilities. Based on open interfaces, operators can combine network components from different providers and integrate them into their network.
The Korean tech giant revealed that the site operating in Landsberg am Lech, Bavaria, providing high-performance and reliable 4G and 5G services. In the coming months, the companies will expand the vRAN and Open RAN network to 7 additional sites in the region.
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Counterpoint Research predicts Wear OS will lead 27% market share in 2024. The growth of Wear OS is highly powered by Samsung apart from Google and newcomers. Meanwhile, HarmonyOS is also growing in mainland China, expected to seize 61% market.
According to the report, Samsung, Google, OnePlus, OPPO, and Xiaomi will drive Wear OS volumes. In the global market, non-WatchOS shoppers prefer Wear OS, while HarmonyOS in China. Accordingly, the Wear OS share outside China will climb to 27% this year.
Samsung Galaxy Watch has a large share of the overall Wear OS market. Google is also expanding its footsteps in the segment, with the third iteration of Pixel Watch coming later this year. Rumor is that an affordable Pixel Watch 2a might also be introduced.
Don’t Miss | Roaring HarmonyOS watch growth is a potential threat to Samsung!
OnePlus recently launched its new Wear OS watch at premium pricing and long-lasting battery as a key selling point. Samsung is also expected to launch a new set of watches powered by Wear OS in the second half, pushing the growth momentum further.
Image: Counterpoint Research
Stay up-to-date on Samsung Galaxy, One UI & Tech Stuffs by following Sammy Fans on X/Twitter. You can also discover the latest news, polls, reviews, and new features for Samsung & Google Apps, Galaxy Phones, and the One UI/Android operating system.
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