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SmartThings likely to be sidelined as Samsung streamlines

A couple of weeks back, Riot aired our misgivings about SmartThings. We observed how we had seen no progress from the Samsung subsidiary in recent years and that its share of both the smart home market and Samsung’s finances made it an increasing irrelevance in the grand scheme of things. This week, we decided to look at where Samsung currently stands, in both an organizational and financial capacity. A concerning financial performance in 2019, as well as a recent executive reshuffle suggests that the company’s mobile sector – under which SmartThings sits – is going to be streamlining its activities. Samsung’s financial report for 2019 took a worrying turn. The company’s annual profit of $18.6bn shrank 49% from the previous…

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