Samsung Plugs Into The Internet Of Things: Powers Up For Q3
- Samsung recently announced its acquisition of US company SmartThings, which builds ways to connect home devices, such as air conditioners.
- The acquisition should solidify Samsung's competitive position, alongside rivals Apple and Google, with regards to the new "internet of things.".
- The acquisition makes strong strategic and fiscal management sense, given Korea's newly instated corporate tax.
- With solid results YTD and growth at home and abroad, we reiterate our positive stance on Samsung in the second half of 2014.