Samsung eyes social network market, plans to introduce Facebook competitor

Telecom Lead Asia: Smartphone giant Samsung is mulling to
enter the social network market early next year.


The Korea Times reported that Samsung is planning to
introduce a service which the company hopes will vie with Facebook.  Also,
it is expected that the new service will be available on a variety of
Internet-enabled devices.


An official of the company said the eventual goal of
Samsung is to expand their social media service across different devices from
different companies across different mobile platforms. That includes cameras,
televisions and blue-ray players.


The report published in the Korea Times claims that
Samsung plans to integrate it with Amazon’s cloud computing platform. The final
product is expected to come out in the first quarter of 2013.


By the end of the year, we will have a polished and
finished version of Family Story that will be offered first to Samsung device
users for free. The new service will become available in the first quarter of
next year at the earliest,” the official said.


Samsung buys mobile cloud-based content service provider mSpot


In March this year, Samsung Electronics acquired Spot, a
mobile cloud-based content service provider.


Samsung said the acquisition will include mSpot’s
technology, assets and human resources under mSpot. The company provides
white-labeled cloud entertainment services for major US mobile carriers. It
also has its own brand services available in the Android Marketplace.


Samsung to invest $41 billion in 2012


Samsung Group is raising its 2012 investment to $41.4
billion. Samsung will be banking on logic chips and OLED displays. The
group will add 26,000 employees this year, up from last year’s 25,000. Samsung
now employs around 350,000 in total. The investments will be in everything
from building factories to research and development activities to doing mergers
and acquisitions and hiring.


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