Samsung Looking For New Business Ventures in VR, Auto & AI

The Samsung Galaxy S7 appears to be a much-needed success for the Korean tech giant, and according to estimates, shipments of the said flagship will exceed the company’s expectations for the first quarter of 2016, reaching 9 million units up from Samsung’s earlier 5.5 million prediction. However, while Samsung appears to have stabilized its smartphone business, market analysts predict that by the end of Q1 2016, the company will register lower operating profits year-on-year in a number of niches, including its semiconductor and consumer electronics sectors. Amid this decline, fresh reports suggest that Samsung intends to expand its product portfolio and focus on new business ventures, including virtual reality, automotive, and artificial intelligence. According to DRAM eXchange research, global LCD TV shipments will show zero increase in 2016 compared to…


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