Around the Net
Samsung Increases Focus on IoT
- ZDNet, Wednesday, July 15, 2015 11:37 AM
Earlier this year, Samsung Electronics' fourth quarter results showed that its mobile business continued to drag down the rest of the company's yearly profit down by nearly one third. These results was after the company reported in the third quarter net profit tumbled by 49 percent, again impacted by company's mobile business, which at the time saw quarter-on-quarter sales revenue tumble 15 percent to 23.52 trillion won ($22.3 billion). But according to Todd Lynton, Samsung Electronics Australia business solutions director, Samsung still believes that the company's mobility business is still core to its operations, and there are no plans of slowing down in the area.
