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Samsung to 'lower its dependence' on smartphones, will move elsewhere

Samsung wants to remove its dependence on mobiles, will shift to other devices like wearable goods, and more (KRX:005930)
| Business, Financial & Legal News | Posted: Dec 11, 2013 10:36 am

Something that shouldn't be stated, but has been, is that Samsung is looking to "lower its dependence" on its smartphone business. The news is coming from Korea's ETNews, who says that Samsung wants to not rely on its smartphones business as a revenue generator.

 

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Instead, it will look at other areas to beef up its massive profits, instead of just smartphones. ETNews' sources say that Samsung's "focus will be placed on smartphone derivatives in the short term, such as peripherals and accessories" while it works on wearable devices, like its Galaxy Gear smartwatch.

NEWS SOURCES:Bgr.com

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