Samsung – Tech Narratives

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★ Samsung Reports Great Preliminary Q3 Numbers, CEO Will Resign in March (Oct 13, 2017)

Samsung today announced its preliminary results for Q3, but also announced that its CEO, Oh-Hyun Kwon, will step down in March 2018. The preliminary results are very much in keeping with results for the last several quarters, with record revenues and profits for any quarter, likely again driven by very strong memory sales and higher memory prices, though the smartphone business also likely did well again. Samsung’s management structure is a little different from most western tech companies: it technically has three CEOs, who each run a big chunk of the business, with Kwon overseeing the Device Solutions segment while also being chairman of the board of directors and therefore the closest thing to an overall CEO the company has. That Device Solutions business, interestingly, is the home of memory and other component products at Samsung, which have been the source of its great financial strength, so Kwon’s resignation certainly isn’t a response to poor performance. Rather, it seems likely to be a response to the broader scandals that have engulfed the Samsung group of companies, including Jae-Yong Lee, grandson of the company’s founder, who is currently in jail (and was also technically a vice chairman at Samsung Electronics). His resignation later certainly makes it sound like he is resigning as a matter of honor and to allow the company to move on under fresh leadership, rather than an indication that he’s tainted at all by association with the scandals.

via Bloomberg

Samsung

Microsoft Adds Integration with Five Smart Home Vendors to Cortana (Oct 9, 2017)

I haven’t seen an official announcement around this, but Windows Central reports that Microsoft has quietly added support for four smart home vendors – Nest, SmartThings, Hue, Wink, and Insteon – to its Cortana virtual assistant. On the one hand, this is good timing with the Harmon Kardon speaker apparently getting ready for launch, but on the other it’s odd given the recent voice assistant partnership between Microsoft and Amazon, a big selling point of which was being able to control smart home gear through Alexa. In fairness, the latter still has much broader support for smart home ecosystems than Cortana, but Microsoft’s assistant now talks to several of the largest, and these plans must have been in the works for months now, certainly before the Alexa partnership was announced. At any rate, it’s going to be much simpler to control these devices directly through Cortana than through the awkward two-step process the Alexa partnership would require, and this is a good addition ahead of the launch of Cortana-based speakers.

via Windows Central

Harman Kardon’s Cortana Speaker Launches This Month at $200 (Oct 5, 2017)

A listing for Harman Kardon’s Cortana-powered speaker, which has been teased for nearly a year by Microsoft and its partner, has shown up on the Microsoft online store, priced at $200 and listed as going on sale on October 22nd. The marketing materials emphasize quality audio, with 360° sound, smart home control, and the ability to make hands-free calls using Skype, though that feature will cost money after an initial 6-month trial of Skype’s outbound calling feature. At $200, the cost is the same as the speaker Sonos announced yesterday, but since neither has been formally reviewed yet we can’t know how the audio quality compares, while Sonos differentiates in a big way by being part of a multi-room system. The price point, though, is indicative of the challenges of competing in this market if you can’t monetize in ways other than through the hardware itself, something that certainly applies to both Harman and Sonos. Amazon, on the other hand, and to a lesser extent Google, can afford to sell devices at or below cost because their ecosystems will benefit in other ways and through other revenue streams such as e-commerce or advertising. HP also has a Cortana speaker coming out soon, and I wouldn’t be surprised if that was priced similarly high.

via The Verge

Amazon is Ahead in Voice

Samsung and ADT Partner for Self-Install SmartThings-Based Alarm Service (Oct 3, 2017)

Samsung and ADT have announced a partnership which will combine Samsung’s SmartThings home automation gear with the alarm company’s security system and optional monitoring service. Consumers will buy at retail and install the system themselves, while professional monitoring by ADT will be an optional extra. This is something of a theme in recent weeks, with Nest’s recent launch of a self-install security system (also with a partnership with an existing company for monitoring) and a separate announcement by smaller smart home company Ring. I continue to be skeptical about the broad appeal of self-installed smart home systems, but there clearly is a segment of the population that’s willing to self install and manage, and expanding into security makes sense for them. At the same time, most buyers are likely to continue to go with service-based approaches to both security systems and broader smart home gear.

via Samsung/ADT

Samsung

The Smart Home is Stuck

FDA Selects Nine Companies to Test Fast-Track Approval for Health Technology (Sep 26, 2017)

The US Food and Drug Administration has pushed forward with plans to test a fast-track process for approving technological approaches to healthcare problems, and has selected nine companies to be part of its pilot program, including Apple, Fitbit, Samsung, and Alphabet’s Verily life sciences unit. Apple has long said that the need to get FDA approval for health-related products would likely dissuade it from entering that market directly, though it’s managed to serve that market indirectly through partners taking advantage of its ResearchKit and other programs. Both Apple and Fitbit have been pursuing health-related applications for their devices, and Samsung launched a virtual doctor service as part of its Galaxy S8 launch earlier this year, so this is clearly a hot area for these consumer tech companies. The FDA deals mostly with products with diagnostic or treatment applications, which is why so much health and wellness tech tends to stop short of those categories and merely provide data and alerts. But the potential for doing more is already clear, and with faster FDA approval we could well see these companies go deeper into this field. It’s still early in this process, and there might still be other downsides including the potential for leaks while approval is being sought, which is likely to give Apple in particular pause, but this is a positive step for both the industry and for end users.

via Bloomberg

Wearables are Struggling

Samsung Announces Decent Note8 Preorders, Plans for Bendable Phone (Sep 12, 2017)

Samsung held a press conference for Korean media today to promote the Note8 smartphone it recently launched and in the process made several announcements. It said that it saw 650k preorders for the Note8, which is strong by Note standards but highlights what a marginal phone the Note is in the grand scheme of things relative to a device like the iPhone or Samsung’s own Galaxy S line. It also said it plans to introduce a bendable smartphone – ostensibly under the Note brand – next year, though the timing is up in the air, and reiterated plans for a Harman Kardon-branded smart voice speaker. None of this is likely to have made much of a dent on a day when Apple dominated consumer tech news, and the Note preorder number is likely the biggest announcement for today, signaling unsurprisingly healthy sales for a device launched into a market with significant pent-up demand after last year’s Note7 fiasco.

via AP