Samsung to Beat Apple in Tablet War

Samsung Electronics Co. has a new goal after overtaking Apple in smartphones: it wants to be world No. 1 in tablet computers too.

A top executive, Shin Jong-kyun said:

Samsung’s tablet business is growing rapidly and the company will become the biggest maker of tablet computers. Samsung’s tablet sales will exceed 40 million units this year, more than double sales in 2012.

Samsung to Beat Apple in Tablet War

  • Research group IDC estimates that Samsung sold 16.6 million tablets in 2012, lagging far behind Apple Inc. which sold 65.7 million iPads.
  • Samsung is on the rise, capturing 20 percent market share in the July-September quarter while Apple, which led the commercialization of tablet computing, fell to 30 percent.

Chief Financial Officer Lee Sang-hoon said:

Samsung plans to double its dividend this year to the equivalent of 1 percent of the average price of its common shares. It plans to adopt outside technologies and hire talent through aggressive acquisitions.

Kwon Oh-hyun, the company’s vice chairman said:

Samsung wants to be the top medical device maker through acquiring companies and developing its own technologies. In the last three years, Samsung spent $1 billion to buy 14 companies in medical equipment, mobile software and services.

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