Samsung Affirms Plans to Release Android Competitor in FY13 (GOOG)

January 3, 2013 7:15 AM EST
Following reports earlier this week that Samsung might be releasing a bespoke mobile OS, the consumer electronics giant affirmed chatter today.

According to Boomberg, Samsung e-mailed a statement which said, in part, "We plan to release new, competitive Tizen devices within this year and will keep expanding the lineup depending on market conditions."

Samsung, Japan's NTT DoCoMo, and Vodafone Group (Nasdaq: VOD) formed the Tizen Association in 2012 to help support development of the open-source software.

As mentioned, the move will help distance Samsung from its reliance on Google's (Nasdaq: GOOG) Android operating system. There might be two schools of thought here: 1) Samsung could suffer as Google already has a dominant position with its Android mobile OS, and/or 2) Google might take a hit as Samsung stops putting Android in its well-crafted mobile devices.

Give that Google recently closed a $12.5 billion acquisition of Motorola Mobility last year, all signs point to the search giant making its own handheld devices in the future. That doesn't necessarily mean that is the correct school of thought, however, with Google really just wanting to get Android into as many hands as possible to gather as much data as possible and charge a premium to advertisers that want to pinpoint where their message is sent.

Shares of Google are indicated lower Thursday following a 2.2 percent move higher Wednesday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog

Related Entities

Motorola Mobility/Google

Add Your Comment