Samsung may put a lot of R&D projects on the backburner because of Note 7
Samsung's sprawling conglomerate is into a lot of things - from finance and insurance, through amusement parks, to, yes, some phone making - and does try to develop a lot of new technology to enter new markets all the time. The company spent over $14 billion in R&D last year alone, making it the biggest R&D spender in the world of tech, and the second-largest globally after VW.
two Note 7 recalls, however, will put a big dent in Samsung's R&D spending going forward, ans some project it is working on will delayed or scrapped altogether - developing batteries for electric cars springs to mind at least, as Samsung SDI's credibility in battery-making is pretty harmed at that point. Moreover, there are technologies and services developed specifically for the Note 7 that will now be put on the backburner, like the iris recognition financial security tech, or Samsung Cloud - some of the largest Korean banks already included iris scanning as a viable biometric security authorization in their transactions, for instance, but it's all up in the air now.The
Gear VR 2016 edition that was supposed to work with the Note 7 lost its sidekick, although it is backwards compatible with other Samsung phones within the Note and Galaxy series, too, via a microUSB adapter. In short, there will be some impact and reshuffling for promising projects all around Samsung, during times when a successful launch of a unique concept, like the rumored foldable phone, could be just the right thing to get Samsung out of the brand damage doldrums.Moving down to accessories, the
source: Business Korea