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Samsung Electronics has just announced its fourth quarter and FY 2017 results in its home country. The company also revealed that it plans to focus on foldable OLED displays for smartphones, as a part of its 2018 roadmap. However, the South Korean manufacturer would still be focusing on its upcoming flagship Galaxy S9 smartphone, as well as on expanding 64-layer V-NAND technology and AI/ IoT capabilities.
As stated earlier, Samsung in its fourth quarter report notes, "As for the Mobile business, Samsung will continue its efforts to differentiate its smartphones by adopting cutting-edge technologies, such as foldable OLED displays." To make itself more clear, the company said in its earning call that the cutting edge differentiation of "foldable OLED smartphones" would happen this year.
In addition to all these, Samsung plans to step into the world of automotive electronics with these foldable panels. Other than that, the company wants to expand its businesses that are associated with AI (Artificial Intelligence) and IoT (Internet of Things) with a core focus on two features; Bixby virtual assistant and 5G technology.
Also, the Consumer Electronics Division of the company is planning to push technologies like 8K and Micro LED in the TV market this year.
"Looking at the mid to long term, Samsung expects the components business to see demand expand from new applications. For the set business, the company expects to enjoy increased opportunities mainly related to software, connected devices, and services based on AI/IoT platforms." stated Samsung in a press release.
Samsung will focus on the sales of the Galaxy S9 series which is slated for launch on February 25. The company expects that its upcoming flagship smartphone will help boost the overall sales.
Lastly, the company admits that its TV business will be seasonally affected. However, the company will deal with the situation by releasing newer models.
Alternatively, it reveals that TV business will be seasonally affected, but Samsung aims to push for early release of newer models to retain sales figures. The company recently launched two new SSDs (Solid State Drives) with 64-Layer V-NAND; a technology the company aims to expand more this year.