The world’s biggest maker of TVs will unveil the first sets powered by Tizen software at theConsumer Electronics Show this week, and all the Web-connected models it sells this year will run the operating system. The company also may demonstrate at CES how the TVs communicate with its washing machines, refrigerators and vacuum cleaners.
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The controlling Lee family is trying to reinvent Samsung as a purveyor of Internet-connected appliances to grab share of a market that may be worth $7.1 trillion by 2020. Samsung wants to generate revenue from Tizen applications and services just as Apple Inc. (AAPL) and Google do from their operating systems, and the Suwon-based company is emphasizing TVs and consumer electronics after falling a year behind schedule on a Tizen-based phone.
“In smartphones, there’s no chance that Samsung’s Tizen can edge out the two dominant operating systems,” said Claire Kim, a Seoul-based analyst at Daishin Securities Co. (003540) “But in TVs, Samsung may have a chance.”
Samsung’s rise to No. 1 in global phone sales depended on Google’s Android. Nearly all of the 243 million smartphones Samsung shipped through Sept. 30 ran the software, which Google typically gives away in return for mobile advertising revenue and a share of app sales.
Building the TV business around Tizen will help create “a much more intelligent and integrated system,” Won Jin Lee, executive vice president at Samsung Electronics, said in a Jan. 1 press release.
Samsung’s initial forays into Tizen haven’t developed a breakout hit. Its first phone using Tizen was more than a year behind schedule. The wristwatches Gear 2 and Gear 2 Neo were released in April, and both are compatible with many of Samsung’s Galaxy phones.
The company should improve its future competitiveness by pushing ahead with initiatives for its “smart home” and “smart health” businesses, co-Chief Executive Officer Kwon Oh Hyun told employees in a Jan. 2 message.
Samsung will be the biggest exhibitor of consumer electronics at the Las Vegas show, displaying TVs, tablet computers, smartphones, printers and cameras. The company will show off its Galaxy Note Edge phones with a wraparound screen, its virtual-reality headset and audio products.
Operating profit at the consumer-electronics division, which oversees TVs and appliances, probably dropped to 250 billion won ($227 million) in the fourth quarter from 660 billion won a year earlier, according to the median estimate of six analysts surveyed by Bloomberg News.
In the third quarter, the unit’s profit dropped to 50 billion won from 350 billion won because of falling prices and competition with Japanese and Chinese producers.
Vice Chairman Lee Jae Yong is helping oversee Samsung’s transition as he takes more of a leadership role since his father, Chairman Lee Kun Hee, was hospitalized in May.
Samsung is transferring about 500 engineers from its mobile-phone division and allocating them largely to the Internet initiative, people familiar with the matter have said.
A futurist and clean energy expert, Toni Seba, has predicted that electric vehicles would destroy the global oil industry after a decade. By 2030, 95% of people won't own private cars which would wipe off the automobile industry, he says.
Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the small plane would seat up to 12 passengers and reduce travel time and cost of trips under 1,600 km.
Here is another "great" product from Herbalife. Marketed as an ENERGY drink mix. Few people know it contains Gurana seeds which have no active compound giving artificial energy other than caffeine. Afresh also contains additional caffeine
Ingredients of Herbalife Afresh Energy Drink Mix: Maltodextrin, Orange Pekoe Extract, Guarana Seed Extract, Acidity Regulator - 330 and Caffeine Powder.
The Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%.
"This is quite impressive for an option that offers assured returns," says Amol Joshi, Founder, PlanRupee Investment Service. "Investors should continue to take advantage of this long-term tax-free product," he adds.
Even if you compare the PPF rate with the 10-year government bond yield, the scheme is attractive. "The 10-year bond yield is a better benchmark for PPF than consumer inflation," says Manoj Nagpal, CEO, Outlook Asia Capital Currently, the 10-year bond yield is around 6.8% and the PPF at 7.9% makes it for a premium of 110 basis points. "Historically, the average premium has been around 75 bps. So, the PPF investor is today earning a higher real return," says Nagpal. Even so, some investors may be feeling disappointed by the cu…