City
Epaper

Samsung to revamp its business strategy: Report

By IANS | Updated: December 19, 2022 14:35 IST

Seoul, Dec 19 Samsung has decided to revamp its business strategy next year, which will include a new ...

Open in App

Seoul, Dec 19 Samsung has decided to revamp its business strategy next year, which will include a new plan to focus less on cost reduction and more on competitiveness, the media reported.

According to the Korean newspaper Hankyung, Han Jong-hee, Vice Chairman of Samsung's device experience division, in an executive meeting reportedly told the division to "think about ways to strengthen the competitiveness of smartphones without getting caught up in cost reduction", reports Android Authority.

This move is intended to direct the fight directly at Apple and assist the company in becoming the leading OEM (Original Equipment Manufacturer), said the report.

Moreover, the new strategy is expected to begin in 2023, with the company focusing on developing phones that will allow it to compete more effectively with its one and only true rival.

While no official announcement has been made, the Galaxy S23 line is expected to include Qualcomm's Snapdragon 8 Gen 2 chip, which could be one of the first steps toward making a more competitive phone, the report added.

Last week, Samsung's Mobile Experience (MX) Business formed a completely new team for designing and developing its own chipsets, media reports said.

The company has formed an application processor (AP) solution development team within the business.

According to sources, the MX Business is forming its own identical team either to optimise these Exynos chips for its Galaxy line or, more likely, to entirely develop its own processors in the future, reports TheElec.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: WhatsAppseoulsamsungMxSouth asia regional connectivitySeoul metropolitan
Open in App

Related Stories

MumbaiMumbai: Fake Toner and Cartridge Racket Busted in Mumbai, Goods Worth Over ₹25 Lakh Seized

TechnologyHan Jong-hee Passes Away at 63: Samsung Electronics Vice Chairman Dies of Heart Attack

Social ViralVrindavan Monkey Exchanges Samsung Phone for Mango Drink, Hilarious Video Goes Viral (Watch Video)

InternationalSouth Korea: 7 Injured After KF-16 Fighter Jet Accidentally Drops 8 Bombs in Residential Area of Seoul

TechnologySamsung Layoffs: Electronic Giant to Cut Thousands of Jobs Worldwide Amid Struggles in AI Market

Technology Realted Stories

TechnologyChatGPT may face capacity crunches ahead of GPT-5 launch: Sam Altman

TechnologyCentre-State partnership must to attract investment and industrialisation: Top official

TechnologyFPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane

TechnologyTraders should wait and watch as derivatives data show indecisiveness

TechnologyForeign buying of S. Korean stocks hits 17-month high in July