The largest smartphone manufacturer in the world – Samsung Electronics Co. Ltd said in an e-mailed statement, that it has developed a faster Wi-Fi technology. According to this statement, the new technology is able to boost the speed of data transmission by five times the maximum rate possible. The launch of the new technology on the market is due in the first three months of 2015.
The head of the companys research-and-development centre Kim Chang Yong said in the statement, cited by Bloomberg: “Samsung has successfully overcome the barriers to the commercialization”of the 60 GHz Wi-Fi technology. He also added: “New and innovative changes await Samsung’s next-generation devices, while new possibilities have been opened up for the future development of Wi-Fi technology.”
The South Korea-based company stated that its users will be provided with the opportunity to transfer a 1GB file in less than three minutes thanks to its new 60GHz Wi-Fi technology. In addition, the technology is considered to soon deliver products, which will allow them to transfer up to 4.6 gigabits per second.
Samsung made the statement at a time when it indends to offer some new products, while facing a fierce competition from Apple Inc. and a few China-based companies.
The manufacturer has recently reported that its quarterly profit increased by more than 60% due to idle smartphone sales.
In addition, Samsung is considering an investment at the amount of KRW 15.6 trillion ($14.5 billion), which will be used to build a new plant in South Korea. The companys decision came, as demand for semiconductor chips rose.
Samsung Electronics Co. Ltd lost 2.21% to close at KRW 1 105 000 per share today at the Korea Stock Exchange (Koscom), marking a one-year drop of 23.22%. The company is valued at KRW 181.58 trillion. According to the Financial Times, the 40 analysts offering 12-month price targets for Samsung Electronics Co. Ltd have a median target of KRW 1 490 000, with a high estimate of KRW2 200 000 and a low estimate of KRW 1 050 000. The median estimate represents a 34.84% increase from the last price of KRW 1 105 000.
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