Tech Stocks That Won at CES 2014 - Samsung (SSNLF)
Questions arose about Samsung (SSNLF) — the seemingly unstoppable South Korean company — last year. As predictions began to rise that we’d reached “peak smartphone” or at least peak flagship smartphone, Samsung (which derives over 70% of its profits from its mobile division) seemed like one of the tech stocks particularly at risk.
But at CES 2014, the company was everywhere, reminding people that it’s about a lot more than the Samsung Galaxy S4. Its 4K TV displays may have been over-the-top, but the 105-inch, curved Ultra HDTV monster it was showing off was probably the most photographed object at the show.
Samsung also announced a Smart Home platform that leverages its mobile dominance along with its presence throughout the home with appliances, PCs, TVs, cameras and other devices … making a convincing play for centralizing home automation.
Plus, SSNLF is coming hard at Apple (AAPL), Amazon (AMZN), Goole (GOOG) and other tablet leaders with supersized, 12-inch Galaxy tablets for the education, business and prosumer markets. It also showed off compelling PC hardware, including a slick aluminum-clad ATIV 9 Book Ultrabook and a futuristic-looking Windows 8 ATIV One7 all-in-one PC.
For the cherry on top, Samsung spoke to the press about the Galaxy Gear smartwatch disappointment (there’s a new version coming in 2014) and talked about the new Galaxy S5. Samsung says it will address complaints about the use of cheap-feeling plastics.
In short, Samsung was one of the poster tech stocks for all the cool stuff at CES 2014, it showed that it’s about a lot more than just a smartphone and it managed to do a decent job of setting expectations for making its current smartwatch and flagship smartphone better.