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Wednesday, April 8, 2015

Is Samsung Falling Behind Apple Inc. and Google Inc. In This $71 Billion Market?

Last November, Samsung launched the SmartThings hub, which synchronizes data from Samsung smart devices to a mobile app on iOS, Android, and Windows Phone. New Tizen-powered devices were expected to eventually connect to the hub as well, which would give the OS a new life in home appliances.

Unfortunately, the original SmartThings hub was plagued by connectivity disruptions and stability issues. The delayed next-gen hub was intended, along with the new devices, to fix those problems by processing data through local connections instead of the cloud.

The smart home market, which Juniper Research expects to grow from $33 billion in 2013 to $71 billion in 2018, could help Samsung simultaneously diversify its top line beyond mobile devices and strengthen its consumer electronics business.

Read more: http://www.fool.com/investing/general/2015/04/03/is-samsung-falling-behind-apple-inc-and-google-inc.aspx

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